Undaunted by last year’s protracted, costly EB-5 experience, Mount Snow executives are forging ahead with the foreign-investment program – and they apparently intend to do so without the state’s help.
Dick Deutsch, an executive with the Dover resort and its parent company, Missouri-based Peak Resorts, recently outlined plans to pursue tens of millions of dollars in EB-5 investment to kickstart a massive housing expansion at Mount Snow.
He also told investors that the company is in the process of starting its own EB-5 regional center to pursue those projects. That would mark a split from the state-run regional center.
“What that gives you the ability to do is, instead of having to negotiate an agreement with the state of Vermont, which we did on this first [EB-5] offering, we can do our own thing and not have those added expenses and those added time delays,” Deutsch said in remarks videotaped during an “investors day” gathering held last month at Mount Snow.
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