Michael Goldberg is praying for a snowy winter.
Goldberg, the federal receiver in charge of the assets seized at Burke Mountain and Jay Peak, said strong seasons at both mountains are critical to demonstrate the strength of the two resorts. He sat down with The Caledonian-Record after Thursday’s ribbon-cutting for the new hotel and conference center at Burke Mountain Resort.
Prospective buyers continue to reach out to Goldberg, he said, and a sale of at least some of the assets may happen as soon as next summer.
How well the ski resorts are doing will help to drive the market value buyers put into the offers, Goldberg explained. He said a multiplier effect helps to determine what the market will bear, and the better the resorts are doing financially, and the stronger their books, the higher the asking price can go.
That is in the interest of investors, who were promised grand outcomes but now have their money tied up in an alleged scandal.
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