Peak Resorts, Inc. (NASDAQ:SKIS) increased 5.14% on project approval

On May 25, Peak Resorts, Inc. (NASDAQ:SKIS)announced that the United States Citizenship and Immigration Services (USCIS) approved the company’s Mount Snow EB-5 program. The related $52 million in funds raised from investors for the Mount Snow development projects will be released from escrow immediately following the approval of the first I-526 Petition submitted by an … Read morePeak Resorts, Inc. (NASDAQ:SKIS) increased 5.14% on project approval

Dunne, Galbraith, Minter Want To Restore Vermonters’ Faith In Government

It’s been six years since Democrats swept to power in Montpelier, but they’re facing some unlikely critics as they try to retain it. And the Democratic gubernatorial candidates seeking to replace one of their own say Vermonters have lost faith in government under one-party rule. At a Statehouse press conference earlier this month, Democratic candidate … Read moreDunne, Galbraith, Minter Want To Restore Vermonters’ Faith In Government

Peak Resorts announced Mount Snow EB-5 project approval

Peak Resorts, Inc. (NASDAQ:SKIS), a leading owner and operator of high-quality, individually branded ski resorts in the United States, announced that the United States Citizenship and Immigration Services (USCIS) approved the company’s Mount Snow EB-5 program.  The related $52 million in funds raised from investors for the Mount Snow development projects will be released from … Read morePeak Resorts announced Mount Snow EB-5 project approval

Mount Snow can move forward with its EB-5 project

Mount Snow CEO Dick Deutsch’s long months of waiting are over. The resort’s EB-5 project has been approved, after two years, by the U.S. Citizenship and Immigration Services. The approval puts Deutsch one step closer to accessing the $52 million he raised from foreign investors for infrastructure projects at Mount Snow, a ski resort in … Read moreMount Snow can move forward with its EB-5 project

State: SEC Receiver must maintain water system at Jay Peak

For 50 years, second homeowners at a Jay Peak Resort subdivision have had access to free water, but that perk will likely be another casualty of the EB-5 scandal. Michael Goldberg, the court-appointed Securities and Exchange Commission receiver who is running Jay Peak Resort, told 30 homeowners last week that the resort could no longer … Read moreState: SEC Receiver must maintain water system at Jay Peak

Why Peak Resorts Inc (NASDAQ:SKIS) got Upgraded?

Peak Resorts Inc (NASDAQ:SKIS) received a stock rating upgrade from Macquarie on May-26-16. In a note to investors, the firm issued an Outperform rating. The analysts previously had an Underperform rating on the stock. Analysts have a consensus target price of $5.55 in the 12-month period. The price objective is 29.67% higher than the recent … Read moreWhy Peak Resorts Inc (NASDAQ:SKIS) got Upgraded?

Peak Resorts’ EB-5 funding approval sends stock up 27 percent

Ski resort operator Peak Resorts, which owns the Hidden Valley Ski Area in Wildwood, announced it raised $52 million from EB-5 investors for upgrades to its Vermont resort.  Wednesday’s announcement sent Wildwood-based Peak Resorts’ stock up 27 percent Thursday, closing at $4.28 a share, compared with Wednesday’s closing price of $3.37. The United States Citizenship … Read morePeak Resorts’ EB-5 funding approval sends stock up 27 percent

Aemetis – Changes Bring More Potential Upside

AMTX is a producer of ethanol in California and biodiesel in India. AMTX is still struggling to become profitable and has considerable debt. AMTX has promising prospects in the form of higher biodiesel output and prices and enhanced ethanol revenue. Its recent acquisition of Edeniq creates the potential to increase earnings at its ethanol plant … Read moreAemetis – Changes Bring More Potential Upside

Real Hospitality Taps Joseph Yi as Chief Investment Officer

Real Hospitality Group (RHG) has added Joseph Yi to its executive team as chief investment officer. Ben Seidel, president and CEO, noted the move represents a major strategic initiative, embracing the opportunity to cultivate relationships at a deeper level with ownership, asset managers and investment groups. He added, “With his expertise in real estate investment, … Read moreReal Hospitality Taps Joseph Yi as Chief Investment Officer

How do Clinton and Trump differ on immigration?

As we approach the 2016 presidential elections, the presumptive Republican nominee, Donald Trump, has been outspoken on the issue of immigration, making it one of the cornerstones of his campaign. Meanwhile the leading Democratic contender Hillary Clinton, has expressed strong views on Comprehensive Immigration Reform but otherwise has not made immigration a top policy priority … Read moreHow do Clinton and Trump differ on immigration?

Carpenter addresses Metcalfe fiscal court about spec building, local economy

Prior to a groundbreaking for the new spec building at the Metcalfe County South Industrial Park on Tuesday, Maureen Carpenter with the Bowling Green Area Chamber of Commerce spoke to members of the Metcalfe Fiscal Court about the project. Work for the construction site has already begun and the building will be delivered in early … Read moreCarpenter addresses Metcalfe fiscal court about spec building, local economy

Banks Blamed for Visa-Based Ponzi Scheme

A $500 million plan to redevelop Jay Peak Resort in Northern Vermont was a Ponzi scheme that bilked people through the EB-5 investor visa program, three foreign citizens claim in a RICO class action. The SEC filed six lawsuits across the country in April with similar allegations against Jay Peak’s owner-operators, Ariel Quiros, William Stenger, … Read moreBanks Blamed for Visa-Based Ponzi Scheme

SEC Case Pushes EB-5 Focus to Oversight, Compliance

The EB-5 immigrant investment program is ripe for change following a scheme linked to a South Florida businessman that bilked investors of hundreds of millions of dollars, attorneys said. “Even though it has been very successful in bringing development and jobs, [the program] is in need of certain reform, particularly reform that would allow more … Read moreSEC Case Pushes EB-5 Focus to Oversight, Compliance

Immigrant Investors, Officials Scramble To Head Off Deportation

Immigrant investors who were allegedly defrauded by developers in the Northeast Kingdom are afraid their families will be deported in a matter of weeks unless officials take action very soon. Mohammed Adil, an Indian investor in the Jay Peak Resort who lives in Dubai, said in an interview that his daughters, who attend Mount Holyoke … Read moreImmigrant Investors, Officials Scramble To Head Off Deportation

US attracts $3B investment with green card offer

The U.S. attracted $3 billion in investments in 2015, by granting green cards to foreign investors who invest $500,000, as a part of the EB-5 investor program. Countries that have difficulty attracting foreign investors because of challenges facing the global economy have sought ways to overcome this problem. The U.S. does this by granting a … Read moreUS attracts $3B investment with green card offer

Newport City: Developer Meets With Mayor, Receiver Over Downtown Block

A potential buyer met Wednesday with the mayor of Newport City and the court-appointed receiver in charge of the vacant Main Street block about its future development. The meeting was “a first-step exploration for the Main Street development,” said Laura Dolgin, city manager of Newport City who attended the meeting. Also meeting with receiver Michael … Read moreNewport City: Developer Meets With Mayor, Receiver Over Downtown Block

Dad’s cash fueled U.S. Rep. Patrick Murphy’s races but now causing headaches | Videos

U.S. Rep. Patrick Murphy is good at raising money for his campaigns. His wealthy father is also very good at funneling dollars into his son’s races. That combination has worked for Murphy so far, but now his family wealth and connections to other wealthy donors are coming under scrutiny in his U.S. Senate bid this … Read moreDad’s cash fueled U.S. Rep. Patrick Murphy’s races but now causing headaches | Videos

Department of Homeland Security Proposes USCIS Fee Increases

The United States Department of Homeland Security (DHS) has proposed increasing the fees that United States Citizenship and Immigration Services (USCIS) charges for certain immigration and naturalization filings. The proposal would increase USCIS fees by a weighted average of 21 percent and add one new fee specific to the EB-5 Immigrant Investor Program. DHS last … Read moreDepartment of Homeland Security Proposes USCIS Fee Increases

SEC Files Amended Complaint in Case Against Quiros, Stenger

The federal Securities Exchange Commission on Tuesday filed an amended complaint in the securities fraud case it filed in mid-April against Ariel Quiros and Bill Stenger. According to Michael Goldberg, the federal receiver appointed by a U.S. District Court in Miami, Florida, last month to take control of Burke Mountain Resort and Jay Peak Resort, … Read moreSEC Files Amended Complaint in Case Against Quiros, Stenger

Orlando City offering green cards for investments in planned stadium

Orlando City owner Flavio Augusto da Silva is using a controversial U.S. government program to offer green cards to foreign investors. In what appears to be the first such move for a sports stadium, Da Silva is using the program known as EB-5 to offer a U.S. visa in exchange for a $500,000 stake in … Read moreOrlando City offering green cards for investments in planned stadium

The Flipside Of China’s Love For American Real Estate

China’s love for real estate knows no bounds. And American cities like the Soma district in San Francisco and downtown Los Angeles are getting more than a skyline make over because of them. They’re getting jobs. Chinese real estate investment has created over 200,000 American full time jobs over the last six years, and brought … Read moreThe Flipside Of China’s Love For American Real Estate

Chinese nationals top foreign buyers of US homes

Chinese nationals bought more than $110 billion worth of both residential and commercial real estate over the past five years. Last year’s surge in purchases moved them past Canadians, to become the largest group of foreign buyers of US homes, according to a study from the Asia Society and Rosen Consulting Group. Over the past … Read moreChinese nationals top foreign buyers of US homes

Patrick Murphy ‘unaware’ of father’s role in $1.7 billion construction project

U.S. Rep. Patrick Murphy brushes off questions about his support for EB-5 visa legislation and ties to his father’s construction business. “I’m a member of Congress and I’m not actively involved in the family business … so feel free to reach out to them and learn more about what they do,” the South Florida Democrat … Read morePatrick Murphy ‘unaware’ of father’s role in $1.7 billion construction project

SEC Argues Against Letting Quiros Sell Luxury Condo for Legal Defense

The federal Securities and Exchange Commission (SEC) in U.S. District Court in Miami, Florida, balked at a motion from Ariel Quiros to unfreeze assets to pay lawyers as he defends himself against federal fraud allegations. SEC attorneys Christopher Martin and Robert Levenson responded on Wednesday to Quiros’ efforts to free up funds in a New … Read moreSEC Argues Against Letting Quiros Sell Luxury Condo for Legal Defense

Newport City: Obstacle To Downtown Block Sale Can Be Removed

Bill Stenger and Ariel Quiros received permission to raze the former Spates Block in downtown Newport City last year on one key condition. And now that condition could potentially deter new developers from buying the property, unless it’s lifted by the Act 250 regional commission. Officials heard Thursday that there’s good news on that front. … Read moreNewport City: Obstacle To Downtown Block Sale Can Be Removed