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AP National Business

Several buyers interested in forfeited Vermont ski resort

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Published 12:33 PM

By LISA RATHKE
Associated Press

The receiver overseeing the Jay Peak ski area after the former owner was accused of fraud says sale discussions have been taking place with several interested parties this year. Attempts to sell the northern Vermont resort were halted at the start of the coronavirus pandemic. Receiver Michael Golderg filed the ninth interim report in federal court in Florida on Friday about the Jay Peak and Burke Mountain resorts in Vermont. The report says drafts of asset purchase agreements have been exchanged with several interested buyers. The report also states that the closure of the U.S.-Canadian border during the pandemic has hurt over 50% of both resorts’ business.

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