Steve Wright, new Jay GM, made a nice post on the Friends of Burke page.
Sent from my iPhone using AlpineZone
Sent from my iPhone using AlpineZone
Welcome to AlpineZone, the largest online community of skiers and snowboarders in the Northeast!
You may have to REGISTER before you can post. Registering is FREE, gets rid of the majority of advertisements, and lets you participate in giveaways and other AlpineZone events!
Why would it continue to run? The investors want their money back and all of Jay Peak's assets are tainted.
Obviously, the best way to get all your money back is through an orderly sale or continued operation of the resorts, but no guarantee they will wait around for that to happen.
...
Let's hope Jay revives itself, humbles itself, and gets back to the roots of getting snow on the trails and opening up terrain for a long season. JPR is lucky, compared to Saddleback, an equally awesome mountain with financial troubles doing it the right way.
Long live Jay Peak and every other ski mountain plus more. But Screw the Q, I'll be up there tomorrow skiing his terrain. I'm sure he could care less of my opinion, still.
I am really not all that shocked with today's announcement. What I am surprised at is that no government agency heads have rolled yet? Here is a list of things that leave me wondering.
1) Is EB-5 considered state and or federal money, if so how did PeakCM get all of these no bid contracts?
2) Is PeakCM in bed with Quiros or Stenger and then had a falling out?
3) How did the state let this go on for 8 years? Heck the purchase ($625,000) and sale ($7m) of the land in Newport (I think it was Newport). How did that not raise any red flags? This was well known for a few years.
4) How did the state not even attempt to follow the money or better yet, why wasn't the state paying the bills when needed vs. paying Quiros/Stenger and leaving them to toss the money around?
5) Will Peter Slumin' and others be forced to release their emails? I am really curious to see how far this scam went?
...
Let's hope Jay revives itself, humbles itself, and gets back to the roots of getting snow on the trails and opening up terrain for a long season. JPR is lucky, compared to Saddleback, an equally awesome mountain with financial troubles doing it the right way.
Long live Jay Peak and every other ski mountain plus more. But Screw the Q, I'll be up there tomorrow skiing his terrain. I'm sure he could care less of my opinion, still.
I think UVSHTSTRM is suggesting governor Shumlin helped conceal the fraud.It is a private investment. The only connection to the govt., is that the investors get a visa. There is no govt. guarantee and in fact, in order to qualify, the investment has to be "at risk".
Huh????? All you have said in the past year is that you didn't like management because of poor customer service. Is there a poor customer service problem in addition to the EB-5 problems? Because you sure as heck said nothing about EB-5.What I've been saying recently has come to light.
I have more stories about bad customer service at Jay than all other places combined, but I still go there to ski. Not a fan of the management.
It is a private investment. The only connection to the govt., is that the investors get a visa. There is no govt. guarantee and in fact, in order to qualify, the investment has to be "at risk".
According to the government presentation today they will not face "jail time" only civil penalties.
Wow. Not to go off topic, but that's not the mountain I was at this year. Used to go about every year for a week before the big buildout. Went back for the first time since then and customer service was borderline appalling. Nuff said. They have plenty of dirty laundry to get aired out; hope the management change gets them back on track.Ironically, customer service was something I thought that they did very well when I was up this year.
I've also had a bad experience in the past, so I may have just been lucky.Wow. Not to go off topic, but that's not the mountain I was at this year. Used to go about every year for a week before the big buildout. Went back for the first time since then and customer service was borderline appalling. Nuff said. They have plenty of dirty laundry to get aired out; hope the management change gets them back on track.
It's not true.If true, this is total Bull Shit!
Without consequences, what's to prevent the next slimy jerk from doing the exact same thing.
As far as I'm concerned, if they are guilty, Stenger and Quiros are no different in my eyes than junkies who hold up a convenience store to support their habit. The only difference is one is addicted to money to buy luxury and the other is addicted to money to buy drugs.
According to the government presentation today they will not face "jail time" only civil penalties.
Yeah.....no..... trust me, Papa Quiros is going to jail, and for a long time.
I think UVSHTSTRM is suggesting governor Shumlin helped conceal the fraud.