Utah resort group offers $58 million for Jay Peak

Michael Goldberg, the court-appointed receiver in charge of overseeing Jay Peak for more than six years, has a $58 million offer to buy the scandal-plagued ski resort in Vermont’s Northeast Kingdom.

“The time has come for the Receiver to sell the Jay Peak Resort,” Goldberg said in a filing submitted in a federal court in Florida on Monday.

Goldberg’s filing stated that the resort has a $58 million offer from Pacific Group Resorts Inc. for the resort, though he wants to be allowed to continue to seek qualified buyers and, if a matching or higher price is offered, an auction would be held to sell the resort.

“Absent receipt of a Qualified Bid constituting a higher and better offer for the Assets, the Receiver may deem Buyer’s bid the highest or otherwise best offer, and may proceed with the transaction,” Goldberg’s filing stated.

Read more: https://vtdigger.org/2022/08/02/receiver-seeks-court-ok-for-sale-of-jay-peak-for-58m-provided-no-better-offers-come-in/