Receiver for Jay Peak ready to begin sale process
/cloudfront-us-east-1.images.arcpublishing.com/gray/W6MTRQIX5BPMLGE76OHRU3UIME.jpg)
The receiver appointed for Burke Mountain and Jay Peak in Vermont says he is ready to begin the sales process for Jay Peak.
Michael Goldberg filed a motion at federal court in Florida, requesting authorization to retain an investment banking firm to assist in the sale of Jay Peak. The Caledonian-Record reports the firm will be given 1.5 percent of the transaction or a $1 million minimum fee, whichever is greater, if the ski resort sells for up to $100 million.
The motion was filed Friday and lists the proposed agreement with the investment firm as for a 12-month period. The sale of Burke Mountain Resort will be later due to the need for job creation through the EB-5 program.
(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
/cloudfront-us-east-1.images.arcpublishing.com/gray/4MEB5QJ7FRHUHJVUS34FY344CM.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/AF2MEKU7HWAUBKTBCBYMZRNHAE.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/IQ7XO5JACNB2JE45ABYJZ66MQQ.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/GDFEKQD3XJAWZEHXPIBXT4677M.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/HJSIDGJQ4U427LKHWFJGI25Z2Q.jpg)
/do0bihdskp9dy.cloudfront.net/10-05-2023/t_fdf25eda42d944368b5d464ea734df2f_name_file_1280x720_2000_v3_1_.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/MEJ6OOUJOFBCVHWIXFACFXQGGU.png)
/cloudfront-us-east-1.images.arcpublishing.com/gray/NSHXXL3Q6FFVHB75OJIRAZK6G4.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/PBLL2FE4RJBUZG5SALNDFN5Z34.jpg)
/do0bihdskp9dy.cloudfront.net/10-04-2023/t_b15a633af5584f31837e6760a93c6e9c_name_file_1280x720_2000_v3_1_.jpg)