Dog dilemma, money woes, Act 46 plans top 2016 local news stories
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With a nearly snowless start, a summer with two major development projects on hold, contentious national politics, and a seemingly endless stream of celebrity deaths, many people seem to be ready to say sayonara to 2016. Here are more of our top local stories of 2016, following up on what we started last week:
Mount Snow’s West Lake snowmaking project ground to a halt while resort officials waited for their EB5 funding to be released by the federal government. In April, Mount Snow officials reported that the EB5 project was fully-funded, and the money was being held in escrow pending the approval of the first investor’s petition by the US Customs and Immigration Service. Mount Snow VP Dick Deutsch noted that, while the typical timeline for project approval was 12 to 16 months, Mount Snow had waited for 23 months for project approval. The resort had already invested more than $12 million of their own money in the project in anticipation of the EB5 funds.
In May, Mount Snow’s hopes for funding were buoyed when the USCIS approved the project. Mount Snow officials expected the approval of the first investor would follow within a couple of weeks. But with no word from the federal government by mid-July, construction on the project ground nearly to a halt, and no significant work was completed over the summer. The economic impact reverberated around the valley.