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Showing results for tags 'burke'.
Found 6 results
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http://www.burlingtonfreepress.com/story/news/2018/02/02/quiros-reaches-82-million-settlement-jay-peak-fraud-case/301137002/ "The U.S. Securities and Exchange Commission has reached a settlement with Jay Peak owner Ariel Quiros in the Jay Peak fraud case, holding him liable for paying back $81.3 million and fining him an additional $1 million." -
Here's some footage from a few runs and bonus clip of @ABVat the end
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Apparently Burke Mountain Academy is spending $1.5 on a new high speed T-bar for Burke. -
Today's news is that the sale of Jay Peak has been delayed a year until next summer. And Burke is off the market indefinitely as the receiver has yet to figure out how to profitably operate the mountain.
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https://www.boston.com/news/local-news/2017/12/18/man-dies-in-utility-vehicle-rollover-crash-at-vermont-ski-resort
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https://vtdigger.org/2017/04/30/jay-peak-profits-rise-9-million-officials-report/ Jay Peak reported a profit increase from $1.8M to $9M on $50M revenue. They're expecting $4.7M in profit for an average season. That is impressive. With that kind of money the tram project doesn't sounds so scary. Burke is projected to lose a little under $2M. If they can't make a profit this year, can they ever? That doesn't give me good feelings.
