| dbo:abstract |
Jay Peak Resort is an American ski resort located on Jay Peak in the Green Mountains, between the Village of Jay and Montgomery Center, Vermont. Its vertical drop of 2,153 feet (656 m) is the eighth largest in New England and the fifth largest in Vermont. Although mostly located in the town of Jay, Vermont, part of the resort, including the summit of Jay Peak, the Jet Triple Chair area and much of the Big Jay backcountry descent, is located in the town of Westfield, Vermont. The resort is just 4 miles (6.5 km) south of the Canada–United States border, above which is the Province of Quebec. The resort opened for skiing in 1957, and it now includes year-round activities. The mountain offers 81 trails served by nine lifts. It receives the most snowfall of any ski area in the Northeastern U.S. and is known for its gladed skiing. In 2008, Jay Peak Resort was purchased by a group of investors headed by Ariel Quiros and the resort's CEO, Bill Stenger. They raised money from EB5 investors and undertook a major expansion of the resort's facilities, adding, among other things, new hotels, condos, an ice rink and a water park. On April 14, 2016, Jay Peak and another Vermont mountain, Burke Mountain Ski Area, were seized by U.S. government officials amid investigations regarding fraudulent offerings of securities. Quiros and Stenger pleaded guilty and received prison sentences. The resort was operated under US government receivership for more than six years, and in 2022 it was sold,on behalf of the defrauded EB5 investors, to Pacific Group Resorts, Inc. (en) |
| rdfs:comment |
Jay Peak Resort is an American ski resort located on Jay Peak in the Green Mountains, between the Village of Jay and Montgomery Center, Vermont. Its vertical drop of 2,153 feet (656 m) is the eighth largest in New England and the fifth largest in Vermont. Although mostly located in the town of Jay, Vermont, part of the resort, including the summit of Jay Peak, the Jet Triple Chair area and much of the Big Jay backcountry descent, is located in the town of Westfield, Vermont. The resort is just 4 miles (6.5 km) south of the Canada–United States border, above which is the Province of Quebec. (en) |
