VTKilarney
Well-known member
Well, we've been surmising that EB-5 fundraising has been very difficult. This article backs that up unless the project went over budget. But, IMHO, the budget was inflated to begin with.
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Big Burke announcement
- Thread starter the original trailboss
- Start date
Well, we've been surmising that EB-5 fundraising has been very difficult. This article backs that up unless the project went over budget. But, IMHO, the budget was inflated to begin with.
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VTKilarney
Well-known member
Yow have to love today's snow report.
Trails open: 18 of 50
Groomed trails:18 of 36
No snowmaking in the past 24 hours. I wonder if they are done.
Trails open: 18 of 50
Groomed trails:18 of 36
No snowmaking in the past 24 hours. I wonder if they are done.
Well something isn't adding up, a supposed $55M hotel, that was fully funded and we believe the $55M was inflated by all accounts, suddenly they don't have near enough to pay off the contractor for the hotel? That thing couldn't possibly have gone over $55M without something fishy happening......like over paying for land already owned by Q etc. We all know the State account couldn't have been drained by mountain ops and snow making equipment as they clearly said there was separation of church and state on that.
So how could they have gone from fully funded to bust?
VTKilarney
Well-known member
Why are you assuming that they were fully funded? When they broke ground they were far from fully funded.
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I think this shows that they weren't fully funded.
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I recall Stenger et al saying the hotel was fully funded and they were raising funds for all the other shit like the tennis center etc
Maybe I misremember their bullshit as there has been so much
BenedictGomez
Well-known member
EB-5 is a wonderful program that is funded by foreigners, not American citizens. It's free money, how could anything go wrong?
[/summation of 99% of people's opinion when I joined this board 5 years ago]
[/summation of 99% of people's opinion when I joined this board 5 years ago]
Right. It's called they needed more money. Just say it's for Phase II when it's really for Phase I.
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MEtoVTSkier
Active member
Well there... there is the answer to what the hold up is to the opening. Pay the contractor, and you get to open... seems pretty cut and dried.
Smellytele
Well-known member
MASSskier where are you... you...you...you?
VTKilarney
Well-known member
He's probably in therapy.
Who else thinks that this will be the next expose piece on VTDigger?
Please stop this insanity.
Please stop this insanity.
BenedictGomez
Well-known member
As the sole member of AZ that has been most correct regarding these issues en toto, I stand behind my long-ago and (extremely) bold prediction that this will end with FEDERAL indictments.
Might take several more years, but I'm not jumping ship on that prediction yet.
Unfortunately Vermont has a serious problem with embezzlers.
Smellytele
Well-known member
Pay is low - taxes are high. Hard to get by.
VTKilarney
Well-known member
Mid Burke Express is delayed. It's not that windy out there, is it?
Wildcat has upper mountain lifts delayed today because of the cold weather. So, that might be the reason.
VTKilarney
Well-known member
That makes more sense.
MEtoVTSkier
Active member
Can't believe they haven't already...
Makes ya wonder how many big $ deposits they are trying to stay sitting on for hotel reservations, after what that woman posted in her review.
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