• Newport development deal appears dead
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     | August 23,2014
     

    NEWPORT — A proposal from the owner of Jay Peak Resort to buy a plaza in Newport to make way for a convention center appears to be off the table.

    Vermont Public Radio reported that Bill Stenger of Jay Peak and real estate developer Tony Pomerleau have had an on-again, off-again agreement to transfer ownership of the Lake Memphremagog waterfront plaza. Stenger had said it would make a great convention center and marina.

    But Pomerleau said Stenger failed to make the first of several down payments of $1 million each.

    Stenger confirmed the plaza isn’t part of the plan now, but said he’s still committed to a conference center hotel in Newport.

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