Company makes bid to buy New England ski resort that was rocked by massive fraud case
A Utah-based resort company that owns several ski areas has made a bid to buy Jay Peak Resort, the Vermont ski resort that was rocked by a massive fraud case involving its former owner and president.
The court appointed receiver who has been overseeing Jay Peak for more than six years is seeking court approval to sell it for $58 million to Pacific Group Resorts, Inc., which owns Ragged Mountain Resort in New Hampshire, Powderhorn Mountain Resort in Colorado, and Mount Washington Alpine Resort in Vancouver Island, British Columbia.
Receiver Michael Goldberg wants to be able to continue to market Jay Peak, and if there are qualified bids, an auction would be held “in order to assure the highest and best offer,” according to Monday’s court filing.
“The time has come for the Receiver to sell Jay Peak Resort,” Goldberg wrote, adding that when he took over Jay Peak in
