, the northern Vermont ski area that was at the center of a financial scandal involving its former owner and president.
Pacific Group Resorts, which owns five other ski areas, announced Tuesday that the state of Vermont had approved the assignment of leases for ski terrain, allowing the sale to close.
Mark Fischer, PGRI’s executive vice-president and CFO, said in a statement that Jay Peak “is a highly respected resort property widely known for its prodigious snowfall and avid patrons” that fits into the company’s strategy of “geographic diversification.” He also said Jay Peak has dedicated staff that have created “a strong mountain culture.”
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