Signs at the entrance of Mount Snow in Dover advertise passes for the next season and the start of summer events.
Mount Snow administrators have asked the federal government to “expedite” approval of an independent EB-5 regional center in Vermont so they can solicit more foreign investment before year’s end.
That news came Thursday as Peak Resorts, Mount Snow’s Missouri-based parent company, reported its latest financial results.
Analysts asked the company several questions about Vermont’s troubled EB-5 investment program in the wake of allegations of fraud at Jay Peak Resort. In response, Mount Snow leaders said they are working hard to separate the Dover resort’s expansion plans from state’s EB-5 center, which federal officials have threatened to close.
“Going forward, we don’t believe that (the state) is going to have a major impact on our ability to raise funds, because we’ll be raising those funds out of our own regional center,” said Tim Boyd, Peak’s president and CEO. “We will not be raising them through the state of Vermont’s regional center.”
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