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 This material may not be published, broadcast, rewritten or redistributed.)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/CWJ6LG7ZL5BY3K4YDECJVCKKEY.png)
/cloudfront-us-east-1.images.arcpublishing.com/gray/5XHZDZ7IJZG2XENKNSQKSHDWMY.bmp)
/cloudfront-us-east-1.images.arcpublishing.com/gray/WYWHXUXSDVAV7EVY2JWNYDKHYE.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/HCSHOT2BGVFHFO4VQ6GXSYBFAU.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/YGR5X7EUPJBN5HXIZANF4DF72Y.jpg)
/do0bihdskp9dy.cloudfront.net/03-22-2023/t_ceba9150a81443c89b31e0b5527810ae_name_file_1280x720_2000_v3_1_.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/QUEVYUZ67BDS5BDJYCOYDXFV7U.bmp)
/cloudfront-us-east-1.images.arcpublishing.com/gray/B4XRNH7LYBBMHJ5HGJLQ3NVUEM.jpg)
/do0bihdskp9dy.cloudfront.net/03-21-2023/t_0f942a62bcbe48f0b7081e02a7b03b1a_name_file_1280x720_2000_v3_1_.jpg)
/do0bihdskp9dy.cloudfront.net/03-21-2023/t_395afbbad9f1439c9e7b9837c612e7f9_name_file_1280x720_2000_v3_1_.jpg)