Jay, Burke and EB-5

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Re: Jay, Burke and EB-5

PeeTex
In reply to this post by skimore
Yea - I read that article but all that says is Bernie was there when they announced the deal. I found nothing that stated where Bernie was an active support to keep EB5 alive. If a program that was started in the 90's looked like it was going to bring in big bucks to Vt and he had a chance to get his mug pictured during the announcement why wouldn't he show up. Sure he wanted it to be a success, we all do. But it was not. Is that Bernie's fault, no. Unfortunately one cannot say who supported or opposed this as it seems to have been voted with unanimous consent every time it has been brought before our legislators since the 1990s. They must have seen big $ signs for letting in a few rich chumps. So I think this is a good question for all the candidates, bit Republicans and Democrats. I suspect Trump is the only one with balls enough to say it was a bad program from the onset.

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Re: Jay, Burke and EB-5

freeheeln
In reply to this post by Sick Bird Rider
Sick Bird Rider wrote
freeheeln wrote
Makes me miss those picnic tables at the old Stateside even more
Those were the days.

Photo by Harvey:

Harvey gets more photos of empty lodges than anyone, just saying

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Re: Jay, Burke and EB-5

Sick Bird Rider
In reply to this post by riverc0il
riverc0il wrote
Harvey wrote
Steve Wright named GM.
Is that official?
Yes, official under the interim management company. Leisure Hotels at least has the sense to keep the good things going. Don't kill the goose that lays the golden egg.

Love Jay Peak? Hate Jay Peak? You might enjoy this: The Real Jay Peak Snow Report
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Re: Jay, Burke and EB-5

Harvey
Admin
In reply to this post by freeheeln
LOL.

I was at Jay once, and I loved Stateside.  It didn't care that the urinals were stinky. I liked those beat tables, they reminded me of Plattekill and Hickory.

Always had mixed feelings about EB-5.  It feels like selling citizenship, and selling it at a high price that only the rich can afford. But, theoretically, that money goes to rural areas that need it. I don't know.

IF (?) the idea is ok, then I don't think you can blame Bernie for someone using the program to commit fraud.  People scam on all kinds of programs. Taxes, food stamps, defense contracts whatever. Any govt program can be scammed.

I will say that I don't have a ton of sympathy for the "investors." This is not like someone stealing food from starving children. These are two rich American guys ripping off a bunch of foreign millionaires and billionaires who's primary motivation was citizenship.

"If it's my mountain, I'm installing a fixed grip and telling the lifties to stuff the beginners into chairs as aggressively as they have to to keep it going full speed." —Brownski
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Re: Jay, Burke and EB-5

snoloco
Peak Resorts and Mount Snow are also using EB-5 funding for their West Lake snowmaking project.  They're in some major debt right now, but I don't think they've broken any laws or committed fraud.

I've lived in New York my entire life.
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Re: Jay, Burke and EB-5

Coach Z
http://unofficialnetworks.com/2016/04/breaking-news-jay-peak-inc-busted-by-sec-as-a-ponzi-scheme

The end of Bernie  as he spearheaded the EB5 for Jay.  He is just as corrupt as the rest.  You watch Obama's justice department is going to roast him on a spit but has ignored the Clnton email server deal.

"It is better to go skiing and think of God, than go to church and think of sport."
Artic Explorer Fridtjof Nansen
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Re: Jay, Burke and EB-5

Thacheronix
Surprised Clinton didn't bring it up in the debate

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Re: Jay, Burke and EB-5

Benny Profane
In reply to this post by Coach Z
Coach Z wrote
http://unofficialnetworks.com/2016/04/breaking-news-jay-peak-inc-busted-by-sec-as-a-ponzi-scheme

The end of Bernie  as he spearheaded the EB5 for Jay.  He is just as corrupt as the rest.  You watch Obama's justice department is going to roast him on a spit but has ignored the Clnton email server deal.

Yeah, right. Bernie made a quarter million dollars for a speech to a few of these people. Bernie is rolling in phat dough.

Hey, I hate political corruption like the next guy, but I applaud any politician bringing jobs into nowhere Vermont by scamming rich foreigners trying to buy green cards. Nice idea. Where's the downside?

funny like a clown
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Re: Jay, Burke and EB-5

Benny Profane
In reply to this post by Thacheronix
Thacheronix wrote
Surprised Clinton didn't bring it up in the debate

Oh, my. That would open her up to some return flak, wouldn't you think? Glass houses and all.

funny like a clown
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Re: Jay, Burke and EB-5

Harvey
Admin
I will say that Steve is following the social media playbook: stay engaged regardless of whether the news is good or bad.  That can't be easy.

"If it's my mountain, I'm installing a fixed grip and telling the lifties to stuff the beginners into chairs as aggressively as they have to to keep it going full speed." —Brownski
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