Receiver controlling Burke Mountain Resort can open hotel
BURKE, VT. >> Vermont officials say the federal receiver in control of Burke Mountain Resort now possesses the Certificates of Occupancy needed to open its new hotel and conference center.
The Caledonian Record reports PeakCM, the contractor that built the hotel, had been withholding the certificates from resort ownership until unpaid debts from the development were settled.
PeakCM President Jerry Davis says he had an agreement with Burke Mountain to not open the hotel until he was paid the more than $5 million he was owed.
Davis says he believes the receiver "has a genuine interest" in making good on the payments, most of which is owed to subcontractors. PeakCM is now owed approximately $3.9 million.
Burke Mountain officials are hoping to have the hotel open in November.
Information from: The Caledonian-Record, http://www.caledonianrecord.com
TALK TO US
If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.