Jay Peak bombshell

[Hawk]

all good - i saw them last month at brooklyn bowl with bob weir sitting in, and i am seeing them on a Thursday this summer in NYC on a rooftop pier just south of the bk bridge. plenty of jrad for me locally.

is leader bank the former boa pavilion? cool venue.

it's very much BUY CONCERT TICKETS season.

coming up - disco biscuits tonight, four tet in may, hot chip in june, dmb in june, LCD in june, jrad in july, possibly newport jazz in aug, sigur ros with 40 piece orchestra in aug, ween in sept, black coffee msg rave October. probably missing things.

yup. It has changed names a couple of times. That whole seaport area is now build up with hotels, bars and resturaunts. Right down the street from my office. I might go.

 

[Abubob]

Yes. My home growing up.

Nice place to grow up.

 

[jimmywilson69]

its insane the number of horrible decisions and misfortunes they have experienced. its the recurring reason why they never broke thru and graduated into larger venues. most notably was jon punching a paper towel dispenser and breaking his wrist in 2010 on the eve of a ~50 show tour and a mainstage set at Ultra Miami

but we also have jon falling thru a vent and breaking his leg, sammy walking thru a plate glass window, allen inhaling some sort of construction dust causing him to miss the entire new years run one year, marc being kicked out of the band for 6 months in 2000. it goes on and on and on.

They certainly are pieces of work... I thought I had heard that Barber was basically independently wealthy due to some investment and the bad was just a way to "work" Kudos to them for somehow keeping it going I guess.

 

[thetrailboss]

Jury selected in EB-5 investor lawsuit against the state - VTDigger

The two-week trial, which is expected to include testimony from former Gov. Peter Shumlin, will decide whether the state harmed investors by failing to stop the $200 million fraud at Jay Peak Resort.

vtdigger.org

 

[BodeMiller1]

Looks like most plaintiffs are not from the U.S. ; this doesn't go anywhere,

- No standing (not from the U.S.). Just because you lose your investment doesn't mean someone or a state is at fault. This is like taking financial advice from a ski blog.
- It's impolite to ask for help then be a jerk.
- This gets tossed and the investors will pay the tab for generating all of the paperwork (maybe) and court costs (maybe not).

This reminds me of when Milo Pike sued the State of New Hampshire for not protecting his interest in banks stocks.
Sour Grapes

The State of Vermont is delaying in order to drive up legal bills and such.
It will be interesting to see how it plays out.

History

1870 In 1870, the use of asphalt for paving began on a stretch of road in front of city hall in Newark, New Jersey under the direction of Professor E.J. DeSmedt, a Belgian chemist. Two years later in 1872, Luther M. Pike of New Hampton, New Hampshire founded Pike’s Improved Concrete Company at...

pikeindustries.com

 

[BodeMiller1]

In some weird way, he’s not wrong. Well I should say I guess I see the logic.

Assuming they sniffed out a fraud sometime after the stuff started getting built, it is inherently better to see that project completed rather than completely destroy the only economic engines of the NEK.

I do think people often forget EB5 was effectively a VISA buying program. The investment was permanent US residency.

This was a Federal program, then the states ran it? Follow the money does not always work, butt in white collar crime that's where it's at.

I take my hat off to The Administration who thunk this up. What a great way to bring in Mafia from all over the world to Vermont.. Because you know once in the United States they will "play by the rules".

 

[thetrailboss]

Looks like most plaintiffs are not from the U.S. ; this doesn't go anywhere,

- No standing (not from the U.S.). Just because you lose your investment doesn't mean someone or a state is at fault. This is like taking financial advice from a ski blog.
- It's impolite to ask for help then be a jerk.
- This gets tossed and the investors will pay the tab for generating all of the paperwork (maybe) and court costs (maybe not).

This reminds me of when Milo Pike sued the State of New Hampshire for not protecting his interest in banks stocks.
Sour Grapes

The State of Vermont is delaying in order to drive up legal bills and such.
It will be interesting to see how it plays out.

History

1870 In 1870, the use of asphalt for paving began on a stretch of road in front of city hall in Newark, New Jersey under the direction of Professor E.J. DeSmedt, a Belgian chemist. Two years later in 1872, Luther M. Pike of New Hampton, New Hampshire founded Pike’s Improved Concrete Company at...

pikeindustries.com

This was a Federal program, then the states ran it? Follow the money does not always work, butt in white collar crime that's where it's at.

I take my hat off to The Administration who thunk this up. What a great way to bring in Mafia from all over the world to Vermont.. Because you know once in the United States they will "play by the rules".

As usual, you are way off. Meow.

 

[BodeMiller1]

As usual, you are way off. Meow.

So you you think they will get all of their "investment" back? Or, even part of it.

The people of Vermont who pay taxes (including skiers (we pay a lot to the state)), should pick up the bill?

Courts are predictable.

 

[thetrailboss]

The case settled on Day 2 of trial.

State settles with 8 Jay Peak investors in EB-5 case - VTDigger

Just two days into what would have been a 10-day trial, the Vermont Attorney General’s Office reached an agreement with the first of four groups of defrauded investors suing the state for negligence.

vtdigger.org

 

[BodeMiller1]

I stand corrected. Sad day of reckoning for Vermont.

 

[BenedictGomez]

Federal regulators in 2016 said the Jay Peak projects were a sham.

Benedict Gomez in 2011 on AlpineZone said the Jay Peak projects were a sham.

And that more than anything else should tell you how absurd this is given I had ZERO access to State of Vermont's financial data. Just some guy with a barely passing accounting background who took a few hours to look into this & realized with strong conviction that the whole thing was obviously total bull****.

 

[Smellytele]

Benedict Gomez in 2011 on AlpineZone said the Jay Peak projects were a sham.

And that more than anything else should tell you how absurd this is given I had ZERO access to State of Vermont's financial data. Just some guy with a barely passing accounting background who took a few hours to look into this & realized with strong conviction that the whole thing was obviously total bull****.

What a tool talking about himself in the third person

 

[skef]

Yes folks, it’s officially summer!

 

[Edd]

I’m pretty sure I was bullish on JP/Burke improvements and the situation as a whole way back when. Still shake my head at “QBurke”. Can you believe that happened?

Different situations, but I was also keen on the Mittersill expansion at Cannon (on the fence about that but Cannon regulars have more developed opinions) and Vail acquiring Wildcat (improvements, right?).

Even Arctaris acquiring Saddleback isn’t a slam dunk yet. It’s great today, but not sure how this ends.

I just look at these things without the wide-eyed optimism I used to and feel a bit foolish in hindsight, but live and learn.

 

[BenedictGomez]

What a tool talking about himself in the third person

It was a syntax comment playing with how the article's sentence was written.

You'll understand it once you look up what the word, "syntax" means.

 

[Smellytele]

It was a syntax comment playing with how the article's sentence was written.

You'll understand it once you look up what the word, "syntax" means.

You are the smartest man in the world and I look up to you as the all knowing omnipresence.
You'll understand it once you look up what the word, "omnipresence" means.
Actually as the all knowing omnipresence you already know what that means.

 

[RH29]

TOTAL SOLAR ECLIPSE | Jay Peak Resort

Jay Peak is directly in the path of totality during the solar eclipse of 2024. Closer than any major ski area in the United States, in fact. And Northern Vermont is the best spot on the East Coast north of Florida to land in that path. Sounds like a reason to party at Jay Peak, not that you ever...

jaypeakresort.com

Skiing/riding ends at 2 PM. Blah.

 

[ThatGuy]

As much as I want to be on mountain for the eclipse I think there is a high chance that everywhere in NoVT and NY will be covered in clouds as is typical in Spring.

 

[RH29]

As much as I want to be on mountain for the eclipse I think there is a high chance that everywhere in NoVT and NY will be covered in clouds as is typical in Spring.

I'm learning more towards Burke which is less socked in and has rates for $163 a night in their hotel.

 

[BenedictGomez]

I should have booked 100 hotel rooms many months ago. I was early on this to the point the woman said, "is there something special about that date", we've had other people ask for that so far in advance. LOL. As ThatGuy notes, it's a real crapshoot that it will even be that big of a deal given weather, but if it happens to be a clear day it will be spectacular. If not? Pretty big disappointment ensues.