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Board upholds Burke Mountain Resort value at $18.7 million

Published: Sep. 10, 2020 at 9:31 AM EDT|Updated: Sep. 10, 2020 at 1:02 PM EDT
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BURKE, Vt. (AP) - The Burke Board of Civil Authority has upheld the market value of the Burke Mountain ski resort at $18.7 million after the ski area’s lawyer appealed it as too high.

The Caledonian Record reports that the valuation includes the 116-room Burke Mountain Hotel and Conference Center, two ski lodges and 1,608 acres of land. The ski resort, whose former owner was charged with fraud, remains in the hands of a federal-appointed receiver until it is sold to new owners.

The resort’s value was contested earlier this year but upheld by the assessor.

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