Big Burke announcement

[halfpintvt]

Rehash of Burke Hotel situation in the Sunday Burlington Free Press.

http://www.burlingtonfreepress.com/...les-open-under-funding-restrictions/80402864/

 

[VTKilarney]

Rehash of Burke Hotel situation in the Sunday Burlington Free Press.

http://www.burlingtonfreepress.com/...les-open-under-funding-restrictions/80402864/

The article definitely contradicts what Ary told passholders last night.

I'm not sure why Davis thinks that it is smart to call Vermont's regional center incompetent. That won't encourage future investors.

 

[thetrailboss]

Rehash of Burke Hotel situation in the Sunday Burlington Free Press.

http://www.burlingtonfreepress.com/...les-open-under-funding-restrictions/80402864/

Confirms a lot of my thoughts--the fact is that they still have NOT raised the money. A big reason for that is that investors now have a lot of other options....including "EB-5 Projects" in Manhattan that theoretically have less risk while paying more to investors.

 

[thetrailboss]

The article definitely contradicts what Ary told passholders last night.

I'm not sure why Davis thinks that it is smart to call Vermont's regional center incompetent. That won't encourage future investors.

It's a complete straw man. He can't blame Stenger et al....or he can't bite the hand that feeds him.

What was funny was that Moulton (for the record I have little or no faith in her) making the same retort about the feds.

 

[thetrailboss]

Are they mutually exclusive?

To respond, I think that folks can certainly support the mountain and yet be critical of it. And I think here that the mountain is clearly not operating properly at all due to management and criticism is indeed warranted. I am an example of someone who supports it and is very concerned or critical of it. I have several members of my extended family who used to work or rely on the mountain. I learned to ski there and skied there as a kid for many years. I try to go back every year. I can also say that I know that VTK has a significant amount of money invested in passes up there and is a local businessman who relies on the mountain and the community. Over the years we have had other folks here who are in the same position and have expressed concern, both publicly here and privately to me, about the mountain. I honestly get sick and tired of the relative handful of people, some trolls to be honest, who merely dismiss the criticism as "bashing" and don't understand, or want to understand, the situation. It would be akin to me coming into the now long-running "Cannon" thread and telling folks there to stop "bashing" that relatively well-run ski operation. I know that folks there have concerns about Mitty, grooming, snowmaking, and racing. I don't know off the top of my head where you stand in those disputes, but I know that over the years you've been a fan of Cannon and a good guy overall for the boards. Hopefully you can see how upset folks are here...and rightfully so.

 

[Cannonball]

To respond, I think that folks can certainly support the mountain and yet be critical of it. And I think here that the mountain is clearly not operating properly at all due to management and criticism is indeed warranted. I am an example of someone who supports it and is very concerned or critical of it. I have several members of my extended family who used to work or rely on the mountain. I learned to ski there and skied there as a kid for many years. I try to go back every year. I can also say that I know that VTK has a significant amount of money invested in passes up there and is a local businessman who relies on the mountain and the community. Over the years we have had other folks here who are in the same position and have expressed concern, both publicly here and privately to me, about the mountain. I honestly get sick and tired of the relative handful of people, some trolls to be honest, who merely dismiss the criticism as "bashing" and don't understand, or want to understand, the situation. It would be akin to me coming into the now long-running "Cannon" thread and telling folks there to stop "bashing" that relatively well-run ski operation. I know that folks there have concerns about Mitty, grooming, snowmaking, and racing. I don't know off the top of my head where you stand in those disputes, but I know that over the years you've been a fan of Cannon and a good guy overall for the boards. Hopefully you can see how upset folks are here...and rightfully so.

Thanks. And I absolutely agree. Which was the core of my question to you. The complexity of the Burke issues mean that stances might not be black & white or mutually exclusive. It's possible for someone to love Burke yet still be upset with the current status. It's possible for someone to be justifiably upset with Burke's owners yet be unjustifiably bashing them. One does not preclude the other.

 

[VTKilarney]

It's possible for someone to love Burke yet still be upset with the current status.

It's impossible NOT to be.


.

 

[Puck it]

It's impossible NOT to be.


.

We love Cannon but we also hate it.

 

[thetrailboss]

We love Cannon but we also hate it.

Yes, exactly! :lol: Are you healed yet? Sorry about to hear about your accident.

 

[fbrissette]

Anybody ever figure out how over 200 ski areas in Switzerland survive in an area the size of Vermont and New Hampshire? I know it's not real estate either.

Ski culture, population density and incredible skiing.

Some of these resorts only have a few surface lifts, yet offer better skiing than anything out east. They cost little to operate.

Prime example - Arolla ski resort
http://www.arolla.com/winter/index4f.htm

Incredible skiing and immediate access to some of the best backountry skiing in the world. From there, easy access to what is probably the most scenic Alpine hut http://www.cabanedesvignettes.ch/

Lots of hidden gems like this.

 

[fbrissette]

Here's the map since the link above is not direct.

 

[thetrailboss]

Ski culture, population density and incredible skiing.

Some of these resorts only have a few surface lifts, yet offer better skiing than anything out east. They cost little to operate.

Prime example - Arolla ski resort
http://www.arolla.com/winter/index4f.htm

Incredible skiing and immediate access to some of the best backountry skiing in the world. From there, easy access to what is probably the most scenic Alpine hut http://www.cabanedesvignettes.ch/

Lots of hidden gems like this.

And some resorts, such as Zermatt I believe, are actually run by the Country or local authorities.

 

[fbrissette]

And some resorts, such as Zermatt I believe, are actually run by the Country or local authorities.

Don't know about Zermatt but certainly the case for some of the smaller (relatively) resorts.

 

[VTKilarney]

Another reason to get the hotel open ASAP is that interest is accruing at $55,000 per month.


.

 

[thetrailboss]

Another reason to get the hotel open ASAP is that interest is accruing at $55,000 per month.


.

The "investors" have that problem. Not Q. They're disowning themselves from this train wreck.


Sent from my iPhone using AlpineZone

 

[fbrissette]

The "investors" have that problem. Not Q.


Sent from my iPhone using AlpineZone

That is correct.

 

[thetrailboss]

That is correct.

Yep, and it explains why Q and Stenger are not in any hurry to get the Hotel going. Really, really, sad.

 

[the original trailboss]

I wonder why VTDigger has gone silent on this mess.....they following the EB-5 projects and issues up until recently.

Today's Digger answers your question.....

 

[River19]

Interesting Article.

Some things still don't make sense, Stenger sounds like he is the only one still thinking there is a chance to get this thing open for summer and "wedding season". However all reservations have been canceled and or denied for summer events with the provided time frame for opening being November. All weddings have been canceled from what we understand so "wedding season" is pretty much a no go.

Ary and his responses at that pass holder meeting, as unintelligent as they were sure made it sound like the Q family are resigned to the fact that hotel won't be a part of operations in the near future. Did someone forget to call Stenger?

 

[mbedle]

There can't possible be more conflicting information out there regarding this project. The recent VT digger article states that 4.3 million of the 5.5 million owed to Peak CM has been approved for payment to Peak CM. But older articles stated that the state only had roughly 1.5 million available in the escrow account. The VT digger articles goes on to say that the remaining 1.28 million owned to Peak CM will not be paid out of the escrow account, since it includes late fees, travel and delay charges/interest. It seems odd to me that the state is not going to pay late fees and interest charges. They are probably the ones the caused those charges to accrue by making late payments to Peak CM because of their invoice reviews.