Psst, wanna buy a Vermont ski resort?
Thursday, May 14, 2009 at 02:42 PM
Well they've been talking about this for sometime in the Stowe area, and now it's been confirmed: AIG will sell off its venerable Vermont ski resort, Stowe Mountain Resort.
Investors are making bids and apparently there are many groups interested in owning the resort, known for its challenging Front Four terrain and its new, chi-chi mountain lodge at the base of Spruce Peak.
It's rather strange that I, as an American taxpayer, partially own AIG right now because of the government bail-out. They better make a pretty penny on this sale!
Here's a link to the story in the Burlington Free Press and Times-Argus.
Filed in: Stowe
1. Sara Stone | Thursday, May 28, 2009 at 09:53 PM
I've heard that Stowe will definitely be sold but that it shouldn't change things too much. AIG had already finished major improvements in the area so you wont' see the same issues that there were for Mount Snow in the 90's. Here's another article on the AIG sale of Stowe.