Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

handmade34

(22,940 posts)
Mon Oct 1, 2012, 04:39 PM Oct 2012

$500 million investment in NEK

http://www.vpr.net/episode/54493/northeast-kingdom-economic-development/

"A $500 million development proposal that backers say could create 10,000 temporary and permanent jobs across the Northeast Kingdom would be historic. But it could also bring big changes to Jay, Newport, Coventry and Burke, the communities where all the development is targeted. Even some political leaders from the region have described the potential for change as scary..."

http://vtdigger.org/2012/09/28/jay-peak-partners-expand-their-500-million/

"...Bill Stenger, the CEO of Jay Peak Resort, and his partners announced the largest economic revitalization investment of its type in the history of the Northeast Kingdom on Thursday it seemed natural that a TV news reporter would push a microphone in the face of one of the developers and ask: “What’s different this time?”...That’s a question to which Stenger gave a quantitative answer: $500 million, 10,000 jobs, 60 months.

...The EB-5 program had been set to expire this year until Congress extended it earlier this month. Sen. Patrick Leahy, D-Vt., a strong backer of the program, was instrumental in extension’s passage and President Barack Obama is expected to sign the bill.... Stenger praised Leahy’s efforts in Congress. “It’s his work that has opened this window,” the ski area mogul said. “If it were not for him, this window would not exist.”

“It’s nice to see a government program that brings jobs here,” Leahy said. “The most important part is it didn’t cost the taxpayers a penny.”
1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
$500 million investment in NEK (Original Post) handmade34 Oct 2012 OP
What do you think Handmade? glinda Oct 2012 #1
Latest Discussions»Region Forums»Vermont»$500 million investment i...