copyright the Chronicle June 8, 2016
by Joseph Gresser
The state has ordered that the tram at Jay Peak be shut down until critical repairs are made. And the only company that can do the work has said Jay must wait until April of next year for the upgrade work.
The area’s main lift needs immediate attention, and that means lots of money, Michael Goldberg, the receiver for Jay Peak Resort, Burke Mountain Resort, and the other businesses owned and run by Ariel Quiros, told U.S. District Judge Darrin Gayles in a ten-page motion on June 1.
Judge Gayles, who appointed Mr. Goldberg, is presiding over a civil suit filed against Mr. Quiros, Bill Stenger, former president of Jay Peak, and their associated network of companies. The suit was filed by the federal Securities and Exchange Commission (SEC) in U.S. Court…To read the rest of this article, and all the Chronicle‘s stories, subscribe:
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