State Auditor Asking For Stowe Lease To Be Renegotiated!

State Auditor Asking For Stowe Lease To Be Renegotiated

February 22, 2017

February 22, 2017



State Auditor Doug Hoffer is reminding people about his audit that found several Vermont ski resorts are operating on very outdated leases that are costing the state much-needed dollars.

In a post this morning on VTDigger about the sale of Stowe from AIG to Vail Resorts, Hoffer writes:

"The Stowe Mountain Resort leases some of the most iconic and valuable public lands in the state. The current lease terms are almost 50 years old and are out of date. There is reason to believe that Vermonters are not receiving a fair return for the lease of these unique public assets. According to the terms of the lease, the sale of the resort has to be approved by the State. This is a rare opportunity for the State to use its leverage to revise the lease terms."


Stay Up To Date!

Sign Up For Our Weekly Newsletter!

Follow Our Facebook And Twitter!