Burke Mountain Resort auction expected by year’s end

BURKE, Vt. (WCAX) - A new owner for Burke Mountain Resort may be on the horizon.

Federal court paperwork points to a possible sale to take place later this year. The federal receiver in charge of finding a buyer for Burke says in a filing that they have received a bid.

Burke was caught up in the Kingdom Con -- along with Jay Peak -- back in 2016 when Ariel Quiros and Bill Stenger were accused of misusing more than $200 million raised through the federal EB-5 visa program. While state regulators allowed the resort’s multi-million renovation to be completed, it has been in receivership ever since. Quiros is serving a five-year sentence and Stenger served nine months behind bars.

Burke is expected to go up for auction to the highest bidder approved by the court by the end of this year.

Last September, Pacific Group Resort bought Jay Peak at a similar auction for $76 million.

Related Stories:

Judge denies Stenger restitution request

Memos raise new questions why Vt. regulators didn’t shut down ‘Kingdom Con’ earlier

Key player in Kingdom Con out of prison, back home

EB-5 public records lawsuit before Vermont Supreme Court

Start of Jay Peak ski season marks end of chapter in EB-5 scandal

Federal judge signs off on Jay Peak Resort sale

Utah company wins Jay Peak auction with $76M bid

Newport looks to fill gaping hole left in city by failed EB-5 projects

Jay Peak sale pending; Utah group bids $58M for resort

Gov. Scott offers assistance for Kingdom Con ‘pit’ in Newport

Kingdom Con: The history of Vermont’s biggest fraud case

Stenger sentenced to 18 months for Kingdom Con

Government seeks 5-year sentence for ex-Vt. ski resort president

Merrill Lynch to pay $4.5M settlement for role in Kingdom Con

Lawyer accused of harassing, intimidating state employees in EB-5 civil action

Stenger avoids pre-sentencing hearing in Kingdom Con case

Report: Several buyers interested in Jay Peak

Vermont leaders say they referred Kingdom Con case to FBI

Documents point fingers at Shumlin administration officials in Kingdom Con

Kingdom Con defense lawyers claim Vt. brass knew about fraud

Former Jay Peak president pleads guilty in ‘Kingdom Con’ case

Stenger to take plea deal in ‘Kingdom Con’ case

Jay Peak ski area receiver reaches $32.5M settlement with Quiros’ law firm

2nd man in Kingdom Con case reaches plea deal

Settlement reached with bank in Kingdom Con case

Quiros pleads guilty in Kingdom Con fraud case

Quiros to take plea deal in Kingdom Con

Judge OKs virus-relief loan to Jay Peak, Burke ski resorts

High court says lawsuit can proceed for failed oversight in Kingdom Con case

Quiros to withdraw not guilty pleas in Kingdom Con case

Judge rejects effort to move Kingdom Con trial

Leahy: Criminal case in EB-5 scandal ‘very appropriate’

Kingdom Con defendants want trial moved; point to news coverage

Stenger joins Quiros in Kingdom Con venue change request

Mastermind of alleged Kingdom Con wants trial moved

Vermont officials still working with defrauded EB-5 investors

EB-5 investors win Vt. Supreme Court appeal

Feds uphold decision to close Vermont’s EB-5 center

Kingdom Con: Criminal charges filed in largest fraud in Vermont history

Vermont releases documents related to EB-5 Kingdom Con

Did Shumlin officials intentionally ignore Kingdom Con warning signs?

Feds, Vermont at odds over shutting down state’s EB-5 office

Vt. judge orders freeze of Quiros’ assets

Is the state of Vermont responsible for the alleged Kingdom Con?

Shumlin stayed in Quiros’ NYC luxury condo

Quiros ordered to pay millions for alleged Kingdom Con

Vt. judge orders freeze of Quiros’ assets

Is the state of Vermont responsible for the alleged Kingdom Con?

Shumlin stayed in Quiros’ NYC luxury condo

Quiros ordered to pay millions for alleged Kingdom Con

Federal receiver in ski resort fraud case gets $1.3M

Quiros will not fight SEC charges

Lawsuit focuses on state’s liability in EB-5 fraud case

Burke, Jay contractors to receive final payments

Can the state and some employees be sued over the Kingdom Con?

Proposed settlement for Quiros in Kingdom Con case

Copyright 2023 WCAX. All rights reserved.