Burke Mountain Resort in Vermont Sold for $11.5 Million

Vermont Ski Resort Sold After Years in Receivership

Burke Mountain Resort, a well-known ski area in Vermont, has been sold for $11.5 million. The sale marks the end of a period of federal receivership that began after a major fraud case involving the resort's former owner. Bear Den LLC, a group with long-standing connections to the ski resort, has purchased the property.

The U.S. District Court approved the sale on April 24, concluding a challenging period for the resort. Burke Mountain had been under federal control since its previous owner, Ariel Quiros, was accused of misusing investor funds in an EB-5 visa fraud scheme. During this time, a court-appointed receiver managed the resort's operations and assets.

Burke Mountain is known for its steep skiing and ski racing facilities. The resort features over 50 trails and glades, and is recognised for having one of the best fall-line pitches in Vermont. It is also home to Burke Mountain Academy, a well-respected ski racing school that has produced notable athletes including Olympic gold medallist Mikaela Shiffrin.

The new ownership is expected to bring significant improvements to Burke Mountain Resort. Plans include expanding snowmaking capabilities and enhancing on-mountain facilities to improve the overall skiing experience. While specific details and timelines for these upgrades have not been announced, the sale has generated optimism among local community members and skiers.

Burke Mountain Resort has long been an important part of Vermont's ski culture. Its location in the town of East Burke has made it a favourite among local skiers and riders, as well as a training ground for elite athletes. The recent sale and planned improvements aim to secure the resort's future as a key destination in the region, ensuring that it continues to play a significant role in Vermont's skiing landscape for years to come.