Newport dealing with fallout from fraud allegations
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Laura Dolgin, Newport's new city manager, looks down from the top floor of City Hall at the infamous hole on Main Street left when Jay Peak owner Ariel Quiros' grand plans for the town collapsed under the weight of federal and state fraud accusations.
There are only old brick foundations where a new hotel was supposed to go, financed by foreign investors solicited by Quiros' partner, Bill Stenger, under the EB-5 immigrant investors program.
Dolgin was city manager for just nine months when federal agents descended upon Burke Mountain resort, another of Quiros' properties, in April 2016. Newport also lost the promise of a state-of-the-art biomedical plant called AnC Bio to be financed by EB-5 investors