A potential buyer met Wednesday with the mayor of Newport City and the court-appointed receiver in charge of the vacant Main Street block about its future development.
The meeting was “a first-step exploration for the Main Street development,” said Laura Dolgin, city manager of Newport City who attended the meeting.
Also meeting with receiver Michael Goldberg, the unnamed developer and Mayor Paul Monette was David Snedeker, executive director of Northeastern Vermont Development Association.
Goldberg was appointed by the U.S. District Court in southern Florida to manage and eventually sell all the EB-5 funded properties owned by Bill Stenger and Ariel Quiros of Jay Peak and Burke Mountain resorts. The U.S. Securities and Exchange Commission has filed a federal lawsuit that says Stenger facilitated the misuse by Quiros of $200 million in EB-5 foreign investments. Quiros is accused of defrauding investors of another $50 million. The Vermont attorney general filed a similar complaint in Vermont courts.
Goldberg has appointed new management at the resorts, stripped the Q from the Burke Mountain name, taken control of the unopened new Burke Hotel and began preparing to sell all the properties. The resorts are still operating as usual.
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