Timothy Boyd, president and chief executive officer of Mount Snow parent company Peak Resorts, said U.S. Citizenship and Immigration Services’ questions about the state’s EB-5 center don’t directly involve the Dover resort, its EB-5 projects, or associated funding from foreign investors.
Rather, Boyd said Mount Snow’s EB-5 approvals have been delayed only because of their association with the state’s program. And he predicted a positive outcome of the federal review, both for Mount Snow and for Vermont.
“We expect USCIS to complete its inquiry shortly, and that once completed, the status of the regional center will remain unchanged and the adjudication of investor petitions will proceed,” Boyd said during Peak Resorts’ quarterly earnings announcement Sept. 8.
Asked to respond to Boyd’s comments, state Commerce and Community Development Secretary Pat Moulton said she doesn’t believe the federal review is holding up Mount Snow’s EB-5 projects.
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