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Is Jay Peak worth a fraction of the $282 million of EB-5 capital it raised?

The ski resort, developed by fraudster Ariel Qurios, has its current value in contention. Resort management wants to cut its property tax bill and claims the resort is valued at $58.5 million, a figure supported by an appraisal. The town disputes this low number, even though attempts to sell the resort (and recoup some EB-5 investor money) never produced an offer of greater than $70 million. $282 million from 564 investors helped fund the resort.Read the VT Digger story

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