One of the issues holding up the opening of the new hotel and conference center at Burke Mountain Resort has been resolved. The federal receiver in control of the property now has copies of the needed Certificates of Occupancy, according to a state official.
Jerry Davis, principal and president of PeakCM, the contractor that built the hotel, was withholding the certificates of occupancy from Bill Stenger and the hotel’s ownership because of unpaid bills.
Davis said he had an agreement with Stenger that the hotel would not open until the more than $5 million he was owed – much of it to sub-contractors – was paid or an arrangement for payment was made. He said he has met with the receiver and believes “he has a genuine interest” in making good on what his firm and the subcontractors remain owed, which is now about $3.9 million.
PeakCM is still owed about $500,000 on the Burke snowmaking upgrades and more than that on work done on the Newport AnC Bio project, said Davis in an interview on Tuesday.
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