Big Burke announcement

[VTKilarney]

The state officials look like fools when you realize that it was the SEC that actually stepped in and got something done.

 

[BenedictGomez]

Yep, it goes alllllll the way back to the beginning.
Who was that company (some financial management company if I remember correctly) that broke ties with the Jay Peak projects soon after they started building stuff up there? Citing financial shenanigans.
THAT should have been the canary in the coal mine for the state.

Rapid USA Visas.

Yes, that was just one of the HUGE warning signs (for everyone except State of Vermont), Rapid USA Visas had nothing to gain and tons of $$$ to lose by ending the relationship with Jay Peak.

 

[from_the_NEK]

Burke resort was purchased fraudulently using re-routed EB5 funds so it is under receivership.

The hotel has been on the "up and up" since it was closely overseen by the state so it is currently not under receivership (for now).

 

[River19]

Well this explains why Shummy started to not show up on the Stenger/Q cocktail and dirt throwing circuits....

 

[Sons of Thunder]

How it feels to join this fine board, just in time to witness shtf at Burke. And the question no one seems to be asking...are the lifts at Jay running?

 

[BenedictGomez]

Watching the live stream... Shumlin is in FULL damage control mode.

Blaming it on "the private sector", after years of noting how "safe" EB-5 is in Vermont because it's under "government" regulation.

 

[VTKilarney]

I'm wondering if my Pump House Water Park family summer pass we will be any good.

 

[River19]

Love the venom in the reporters questions.....feels like I'm asking some of these questions......lol

 

[VTKilarney]

The "Active Flow of Funds" chart really is amazing.

 

[River19]

So if you are Stenger.....you flying back? Lol,

wow....Shummy walks away when asked about releasing his emails....

Debacle......"smoking hole in the ground in Newport"......

Honestly, it sounds like within a year Burke Mountain could be in a much better place......

 

[VTKilarney]

The governor refused to answer whether or not he would release all of his emails in this matter.

 

[from_the_NEK]

Shumlin got the hell out just before a reporter asked about releasing his emails containing communications on the subject.

 

[from_the_NEK]

Honestly, it sounds like within a year Burke Mountain could be in a much better place......

Well it couldn't have gotten much worse

 

[yeggous]

Well it couldn't have gotten much worse

Sure it could. It may take years to straighten out this mess. Do you think the receiver will be making any capital investments?

 

[DoublePlanker]

So much for daddy Q firing Ary to fix the problems at Burke. I sure hope the ski area survives this.

 

[BenedictGomez]

Shumlin got the hell out just before a reporter asked about releasing his emails containing communications on the subject.

Shumlin needs to have a conveniently timed "harddrive crash" like Hillary Clinton and her two subordinates did post-Benghazi.

 

[oldtimer]

Anyone who cares about Burke mtn should be glad that the hotel is finished. With a 1/2 finished shell it would be NELSAP for sure.

So much for daddy Q firing Ary to fix the problems at Burke. I sure hope the ski area survives this.

 

[yeggous]

Anyone who cares about Burke mtn should be glad that the hotel is finished. With a 1/2 finished shell it would be NELSAP for sure.

This is true. With two detachable lifts and a new hotel it has much more value. I don't know what kind of operation to expect now though.

 

[from_the_NEK]

Anyone who cares about Burke mtn should be glad that the hotel is finished. With a 1/2 finished shell it would be NELSAP for sure.

Which is why the state let the project continue until completion (under "close" supervision).

 

[HowieT2]

Sure it could. It may take years to straighten out this mess. Do you think the receiver will be making any capital investments?

I think that's right, and also, it proves that jay/burke can't sustain the facilities built so maintaining them will be difficult.