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Big Burke announcement

Masskier

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From today's Cal Record

Attorney William Alexander Fead, Esq, wrote to Governor Peter Shumlin and Lt. Gov. Phil Scott, stating that the two state agencies tasked with oversight of releasing payments for the Q Burke project have not been carrying out that duty in a timely manner, for both construction and design invoices.
The Agency of Commerce and Community Development and the Department of Financial Regulation, Fead wrote, "...continue to jeopardize Vermont companies and Vermont workers, and, indeed, the viability of the State as an EB-5 Regional Center."
"This risk is the result of their dilatory review process, deviation from norms of the construction industry, and a proposed far-fetched interpretation of its agreement with Q Burke establishing the oversight procedure that would exclude 'equipment' from payment," wrote Fead.

Of the refusal to reimburse the equipment charges, the letter states, "The hotel and conference center cannot open or function without the 'equipment.' "


Well, It's ironic that the state oversight is suppose help protect the investors. But in this instance by delaying payments, dragging their feet and not being familiar with standard construction procedures, they are actually putting the investors at much greater risk by potentially causing a shut down of this project. At this point it is in everybody's best interest to get the project completed so they can open and start producing a cash flow
 

thetrailboss

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If the hotel opening is delayed, I wonder if the ambitious snowmaking start date will be delayed. But of course Mother Nature may have the last word anyway...

Different problem with snowmaking: not enough labor to do the job since nearly every experienced employee has left.


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thetrailboss

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From today's Cal Record

Attorney William Alexander Fead, Esq, wrote to Governor Peter Shumlin and Lt. Gov. Phil Scott, stating that the two state agencies tasked with oversight of releasing payments for the Q Burke project have not been carrying out that duty in a timely manner, for both construction and design invoices.
The Agency of Commerce and Community Development and the Department of Financial Regulation, Fead wrote, "...continue to jeopardize Vermont companies and Vermont workers, and, indeed, the viability of the State as an EB-5 Regional Center."
"This risk is the result of their dilatory review process, deviation from norms of the construction industry, and a proposed far-fetched interpretation of its agreement with Q Burke establishing the oversight procedure that would exclude 'equipment' from payment," wrote Fead.

It's ironic that the state oversight is suppose help protect the investors. But in this instance by delaying payments, dragging their feet and not being familiar with standard construction procedures, they are actually putting the investors at much greater risk by potentially causing a shut down of this project. At this point it is in everybody's best interest to get the project completed so they can open and start producing a cash flow

True, but you aren't considering that apparently something has happened to trigger the State's attention and skepticism. Yeah it sucks, but Q brought it on himself.



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MEtoVTSkier

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Different problem with snowmaking: not enough labor to do the job since nearly every experienced employee has left.


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What about the training hill. I thought that all the new upgrades they spent all the money and time, were going to be high tech automated?
 

halfpintvt

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News 7 at Lyndon State College posted an update to their story about a possible construction halt at Burke Mountain:

News7 Reporter Tyler Cadorette has an update on the Q Burke hotel project.

Tyler Cadorette VCCJ11 hrs · Edited ·
Q BURKE HOTEL UPDATE: PeakCM President Jerry Davis says construction will continue as normal for the time being, but he is suspending all projects related to furniture, fixtures, and equipment (FF&E). That change "will impact the hotel's opening," according to Davis.
As of right now, the Dept. of Financial Regulation is not authorizing equipment expenses because of issues with the project contract. Davis says it appears that the State is willing to open the discussion about equipment line items at some point next week. He is still owed $900,000.


I'm not sure how they can open the hotel without "furniture, fixtures and equipment". :)
 

VTKilarney

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And yet they are still taking reservations for December 11. Right hand, you should meet left hand.
 

thetrailboss

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News 7 at Lyndon State College posted an update to their story about a possible construction halt at Burke Mountain:

News7 Reporter Tyler Cadorette has an update on the Q Burke hotel project.

Tyler Cadorette VCCJ11 hrs · Edited ·
Q BURKE HOTEL UPDATE: PeakCM President Jerry Davis says construction will continue as normal for the time being, but he is suspending all projects related to furniture, fixtures, and equipment (FF&E). That change "will impact the hotel's opening," according to Davis.
As of right now, the Dept. of Financial Regulation is not authorizing equipment expenses because of issues with the project contract. Davis says it appears that the State is willing to open the discussion about equipment line items at some point next week. He is still owed $900,000.


I'm not sure how they can open the hotel without "furniture, fixtures and equipment". :)

As I said the Q experience is tough love...so sleeping on the floor will have to do. ;)


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River19

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Between the email blasts and FB postings they are pushing hard to book up those early weeks.....almost makes me think their strategy to put pressure on the state oversight group and the contractor will be "look we have X hundred people booked for the first weekend and you are putting VT tourism etc. in jeopardy due to red tape etc."..........

When I see the daily emails/FB postings I think " Leverage and cash-flow".....
 

deadheadskier

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Just another way to nickle and dime you

I'll be down in Florida visiting my folks over Thanksgiving. Wife and I are leaving the boy for one night with his grandparents and where we are staying charges a resort fee as well. Please Note – Daily resort fee of USD 28 added to rate includes in-room Internet, fitness classes, beach pampering and much more!
 

Tin

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Just another way to nickle and dime you

I'll be down in Florida visiting my folks over Thanksgiving. Wife and I are leaving the boy for one night with his grandparents and where we are staying charges a resort fee as well. Please Note – Daily resort fee of USD 28 added to rate includes in-room Internet, fitness classes, beach pampering and much more!

Enjoy that night! I always read after our last trip to Acadia. We stayed at a pet friendly lodge that was super cheap but then added another $25 per night for the dog and $15 for pet fees. Most expense dog treat I've ever bought.

11425526_10207386519365440_8974953595235792399_o.jpg
 

thetrailboss

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Better hurry up and book your room! Got another Email today...big deadline!


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steamboat1

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Better hurry up and book your room! Got another Email today...big deadline!


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Such negativity all the time about Burke. I get blasted about negativity towards Magic but it's Ok for you to go on for 494 pages now about Burke.


Just thought I'd point out the hypocricy of the moderation on this site.

By the way Magic will never make it under current management/ownership.
 

deadheadskier

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It's one thing to be critical of an area, it's another thing to be critical of not only the area, but also the people who ski there and repeatedly troll them. The latter is what's a problem with you regarding Magic.

Additionally, trailboss grew up on Burke Mountain, has numerous friends and family still there; he's got a major personal investment in Burke that vastly exceeds what you even have at Killington. It's his hometown like Brooklyn is for you. Comparitively, you barely have skied Magic and have shown a complete lack of understanding about their operations from season length to real estate development.

So, no you're wrong. There's no hypocrisy here at all. One person (in this case a moderator) is well within forum rules. You on the other hand repeatedly break forum guidelines on trolling and personal attacks.

I'd suggest you worry about yourself.
 
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