Jay Peak seeks more than $60 million reduction in property tax bill
Attorneys for Jay Peak are challenging the ski resort’s nine-figure property tax bill, according to the Caledonian-Record. A hearing is scheduled in Newport for October 29.
The resort wants the Town of Jay to reduce its property tax assessment by more than half, from $120.8 million to $58.5 million. Jay Peak is currently for sale and is under the authority of a court-appointed receiver.
Its former owner, Ariel Quiros, pleaded guilty in August to defrauding foreign investors through the EB-5 program. His two former co-defendants in the largest fraud case in Vermont’s history are scheduled to go to trial next April.
Mentions
Litigation Cases
- United States of America vs Ariel Quiros & Bill Stenger
- Michael I. Goldberg vs Ariel Quiros
- MICHAEL I. GOLDBERG vs The AM Wealth Management Group of Raymond James & Ariel Quiros & Joel Burstein
- JAMES B. SHAW, JOHANNES EIJMBERTS, and LORNE MORRIS Individually and On Behalf of All Others Similarly Situated, vs The AM Wealth Management Group of Raymond James & Bill Stenger & Joel Burstein & Ariel Quiros
- ALEXANDRE DACCACHE, on behalf of himself and all others similarly situated vs Ariel Quiros & Bill Stenger & The AM Wealth Management Group of Raymond James & Joel Burstein
- State of Vermont vs Bill Stenger & Ariel Quiros
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Ariel Quiros & Bill Stenger
States
- Vermont
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