• Newport development deal appears dead
     | August 23,2014

    NEWPORT ó 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 isnít part of the plan now, but said heís still committed to a conference center hotel in Newport.

    MORE IN Vermont News

    MONTPELIER — Vermont has always had a part-time Legislature composed of ordinary,... Full Story

    Off-session legislative activity causes concern

    MONTPELIER — The Shumlin administration says revenue forecasts will likely remain... Full Story

    More Articles
    • VIDEOS
    • PHOTOS