A developing story in the Northeast Kingdom where the EB-5 visa program is under scrutiny. It appears some kind of investigation is going on at Q Burke and agents may be seizing some evidence.
We've been telling you about problems at the mountain. We told you about layoffs, about 180 people last week, mostly due to the lackluster ski season, but also because of the hotel and conference center. Some layoffs there, there was a problem with paying the contractors, still owing about $5 million.
Q Burke's president, Ari Quiros, told us that he was not hopeful that that mountain, that conference center would even open next season.
This all has to do with that federal program where people from out of the country are able to obtain visas to live here by investing in this economic development projects. There is Q Burke, there is Jay Peak resort and there is a lot of development that is planned for the city of Newport.