$350 million, 700 investors, dozens of state and federal charges, and untold answers still to track down. (Vermont Public Radio, NPR, Boston Globe)
Investors cry foul after Jay Peak owner converts their $500,000 equity stakes into unsecured IOUs.
3332 words / VTDigger.org
Ariel Quiros is the entrepreneurial force behind Jay Peak ski resort and the $600 million Northeast Kingdom Economic Development Initiative – one of the largest development projects ever attempted in Vermont.
Though the project is high profile, Quiros is not. The international tycoon, though sometimes seen, is seldom heard.
The first generation American stands out at press conferences for his mystique: When he’s not got the ear of the governor, Quiros is most often seen standing uncomfortably before a crowd with pursed lips, staring silently and expressionless, at nothing in particular, through ice blue eyes.
Quiros quietly presides over an integrated set of projects that together constitute the largest private investment Vermont has ever seen: expansions at Jay Peak, development of the newly renamed Q Burke Mountain ski area, the mixed use Renaissance Block planned for downtown Newport, the future site of a biotech firm in the same town, and the promise of a new and improved Newport State Airport in Coventry.
“I make the vision,” he says quietly, a touch of gravel in his voice after 20-plus years of smoking.
3310 words / VTDigger.org
It’s the day before Q Burke Mountain opens for the winter, and Ary Quiros could just as well be preparing for battle as for business.
The new CEO is opening the ski resort for the first time since he started at the mountain the previous winter, and he’s amped. If Quiros, 36, can turn this chronically failing but beloved ski area into a stable business, he will succeed where prior, much wealthier, owners have failed.
The arc of history and local expectations give him long odds. But Quiros — and his staff — are determined.
Wearing a weathered, Army green jacket and frequently checking a watch face practically the size of his wrist, Quiros shuttles from one outpost of operations to another to check on his troops: snowmaking, ticket sales, kitchen, pub and cafeteria. Finances. Marketing. Housecleaning.
“It’s like being in the Army again,” Quiros says.
930 words / VTDigger.org
Despite conceding that Vermont will miss his target of statewide broadband and cellular coverage before year’s end, Gov. Shumlin Wednesday gathered top telecommunications executives to celebrate how far they’ve come.
2276 words / VTDigger.org
Vermont legislators agreed in May to offer up to $8.67 million in refunds and discounts to businesses that laid off workers in the wake of 2011′s disastrous floods.
But only 75 employers, among the untold eligible businesses hailing from every county in the state, applied for the unemployment insurance relief. Instead of giving breaks for a “worst-case” scenario of 11,247 layoffs, the state forgave at least partial charges on just 299.
On their July 1 unemployment insurance bills, 54 businesses accepted $264,178.53 in refunds.
“Really, that’s all? Wow,” said Steve Moyer, CFO of Woodstock Farmers’ Market.
Long-form and video investigation of water pipe replacements that can cause a spike in water lead levels / 4503 words and 6+ minute video / Investigative Reporting Workshop and nbcnews.com’s Open Channel
By Sheila Kaplan and Corbin Hiar, with contributions from Hilary Niles and Julie Stein
Millions of Americans may be drinking water that is contaminated with dangerous doses of lead. The Environmental Protection Agency (EPA) knows it; state governments know it; local utilities know it. The only people who usually don’t know it are those who are actually drinking the toxic water.
The problem stems from a common practice in which water utilities replace sections of deteriorating lead service lines rather than the entire lines, commonly known as partial pipe replacements. It is a course of action that can do more harm than good.
“It’s scary and the magnitude of this problem is huge,” said Dr. Jeffrey K. Griffiths, a Tufts University professor of medicine and public health, who recently chaired an expert panel advising the EPA on the problem. “I didn’t realize how extensive the lead exposure still remained. … EPA is really deeply concerned about this …. This was not something they expected.”