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  #27  
Old October 24th 16, 09:03 PM posted to rec.skiing.alpine
Richard Henry
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Default Jay and Burke in trouble?

On Thursday, October 20, 2016 at 11:25:14 AM UTC-7, Richard Henry wrote:
On Tuesday, April 26, 2016 at 3:02:22 PM UTC-7, Richard Henry wrote:
And more bad news - the receiver says there is not enough money in the bank to stay open over the off-season.

The resort is faced with a "daily barrage of demands for payment" from hundreds of vendors - from soda distributors to Internet providers - who are owed money.

The 52-year-old gondola system must be repaired and the price tag for that expense is $4.1 million. Half of the payment would be due in the next four months


http://vtdigger.org/2016/04/26/goldb...nancials-dire/


Good news - sorta - the bank and feds have reached an agreement to pay off current operating debts so both Jay and Burke (and their associated attractions) will be able to operate this ski season.


Well, the skiing is already good, but still not much revenue --

http://unofficialnetworks.com/2016/1...looks-all-time
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