- Associated Press - Wednesday, December 14, 2016

WEST DOVER, Vt. (AP) - Vermont’s Mount Snow ski resort is finally getting $52 million to help pay for its snowmaking system.

The West Dover resort had been waiting on the money, to be disbursed through the federal EB-5 funding program that offers permanent residency to foreign investors.

The company says U.S. Citizenship and Immigration Services approved the first investor petition, which triggered the funds to be released.

The resort is using the money to expand its snowmaking and replace an aging base lodge with a three-story, 36,000 square-foot building. It represents nearly 80 percent of a planned $66 million investment.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide