Ski Industry

The federal government says the company that owns Mount Snow can open its own EB-5 regional investment center.

Amy Kolb Noyes / VPR

This week’s winter storm came at the perfect time for a group that has been skiing and riding in mid-March at Stowe Mountain Resort for over a quarter-century. This week is the annual winter summit for insurance giant AIG and some special guests.

In a big preseason sale, Sugarloaf, Sunday River and four other New England ski resorts are being sold. And that’s just part of an $830 million deal that includes ski resorts, theme parks and other recreation properties around the country.

Mount Snow

The owner of Mount Snow says its EB-5 foreign investor funded project has been approved. 

Ski industry experts say nearly half of annual skier visits happen during the all important holiday weekends — kicking off with Christmas and New Year's. So far, conditions are far from ideal.

A plan to reopen a ski areas in southern Vermont has been revived.

The Maple Valley Ski Area in Dummerston closed in 2001. A developer who was interested in bringing it back as a year-round recreational resort withdrew the proposal in 2011 after the town review board asked for more specifics and wanted residents' concerns to be addressed.

Now, the review board has scheduled a hearing on April 23 for an application by the developer, MVS Associates of Stamford, Conn.