Month: December 2020

first_imgVermont’s foreclosure rate fell to 3.6 percent in May and total noncurrent loans fell 4.9 percent over May 2012. The May Mortgage Monitor report released by Lender Processing Services (NYSE: LPS) found that the national delinquency rate also continued to fall in May, marking the largest year-to-date drop since 2002. Delinquencies are down more than 15 percent since the end of December 2012, coming in at 6.08 percent for the month.As LPS Applied Analytics Senior Vice President Herb Blecher explained, much of this improvement is supported by the fact that new problem loan rates are approaching the pre-crisis average. SEE CHART BELOW”Though they are still approximately 1.4 times what they were, on average, during the 1995 to 2005 period, delinquencies have come down significantly from their January 2010 peak,” Blecher said. “In large part, this is due to the continuing decline in new problem loans — as fewer problem loans are coming into the system, the existing inventories are working their way through the pipeline. New problem loan rates are now at just 0.73 percent, which is right about on par with the annual averages during 2005 and 2006, and extremely close to the 0.55 percent average for the 2000-2004 period preceding.”As we’ve noted before,” Blecher continued, “negative equity appears to still be one of the strongest drivers of new problem loans, and — primarily buoyed by home price increases nationwide — that situation also continues to improve. We looked once again at the number of ‘underwater’ loans in the U.S., and found that the total share of mortgages with LTVs of greater than 100 percent had declined to just 7.3 million loans as of the end of the first quarter of 2013. This accounts for less than 15 percent of all currently active loans and represents a nearly 50 percent year-over-year decline.”Though recent volatility in mortgage loan interest rates are not yet reflected in the data, the Mortgage Monitor did show that 2013 origination activity remained strong through April, with that month’s 835,000 new loans representing a 1.8 percent increase from March and a 34.1 percent growth from the prior year. The May data also showed an increase in prepayment rates, indicating that refinance activity, and likely associated originations, remained strong despite that month’s increased interest rates. LPS will continue to monitor the data to see what impact rate increases may have on originations in the months to come.As reported in LPS’ First Look release, other key results from LPS’ latest Mortgage Monitor report include:Total U.S. loan delinquency rate:               6.08%Month-over-month change in delinquency rate:    -2.11%Total U.S. foreclosure presale inventory rate:  3.05%Month-over-month change in foreclosure pre-sale inventory rate:  -3.91%States with highest percentage of non-current* loans:           FL, NJ, MS, NV, NYStates with the lowest percentage of non-current* loans:        MT, AK, WY, SD, ND*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.To view the Mortgage Monitor Snapshot, LPS’ new video version of the Mortgage Monitor, go to…(link is external)About the Mortgage MonitorLPS manages the nation’s leading repository of loan-level residential mortgage data and performance information on nearly 40 million loans across the spectrum of credit products. The company’s research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for LPS’ monthly Mortgage Monitor Report. To review the full report, visit…(link is external)About Lender Processing ServicesLender Processing Services (NYSE: LPS) delivers comprehensive technology solutions and services, as well as powerful data and analytics, to the nation’s top mortgage lenders, servicers and investors. As a proven and trusted partner with deep client relationships, LPS offers the only end-to-end suite of solutions that provides major U.S. banks and many federal government agencies the technology and data needed to support mortgage lending and servicing operations, meet unique regulatory and compliance requirements and mitigate risk. These integrated solutions support origination, servicing, portfolio retention and default servicing. LPS’ servicing solutions include MSP, the industry’s leading loan-servicing platform. The company also provides proprietary data and analytics for the mortgage, real estate and capital markets industries. LPS is a Fortune 1000 company headquartered in Jacksonville, Fla., and employs approximately 7,500 professionals. For more information, please visit is external).Source: JACKSONVILLE, Fla. — July 8, 2013 –LPSlast_img read more

first_imgby Alicia Freese The state’s largest dental insurer told lawmakers Tuesday that it had been kept in the dark about recent changes to the rollout of Vermont Health Connect. Lawmakers, meanwhile, complained that the Shumlin administration had ‘sugarcoated’ its updates on the state’s new health care exchange.Concerns about the accuracy and timeliness of information released by the administration were raised Tuesday at a House Health Care Committee meeting. A crowd of lobbyists, advocates and reporters filled the room and spilled out into a Statehouse hallway.Department of Vermont Health Access (DVHA) Commissioner Mark Larson arrived with a PowerPoint presentation, but his progress through the slides was slow. Lawmakers ‘ Republican Reps. Mary Morrissey, R-Bennington, and Doug Gage, R-Rutland, in particular ‘ peppered the commissioner with questions.Larson briefed the committee on the administration’s decision, announced Thursday, to delay the mandate that small business and individuals enroll in the exchange by Jan. 1.Small businesses and individuals can now extend their 2013 current plans until March 31, at which point they must enter the exchange.Under the second change, Blue Cross and Blue Shield of Vermont and MVP will be allowed to act as ‘agents,’ signing up small businesses for plans on Vermont Health Connect and allowing them to bypass the hassle of navigating the beleaguered website.Navigators, brokers and lawmakers on both sides of the political aisle have lauded the changes as a smart move on the administration’s part. Blue Cross/Blue Shield and MVP, the two health insurance carriers participating in the exchange, are fully on board. Executives from both companies stood beside Shumlin at Thursday’s news conference, and since then, they’ve spent hours with state officials to iron out the details of the state’s contingency plan.The adjustments stir up additional questions, however, such as how deductibles will be calculated for those three-month extensions. Larson told lawmakers the state is working closely with the insurers and will have ironed out the details before the end of the week.The third insurance carrier taking part in the exchange ‘ Northeast Delta Dental ‘ has been left out of those conversations, representatives for the insurer said.Christine Alibrandi, the company’s health care reform coordinator, told lawmakers that they learned about the recent changes through the media. ‘It’s five days later,’ she added, ‘and we still have not been contacted by the state.’Northeast Delta Dental is the state’s largest dental insurer ‘ it covers 159,445 Vermonters. MVP and Blue Cross/Blue Shield also offer separate dental plans as part of their coverage.‘We have thousands of subscribers here in Vermont,’ Alibrandi said. ‘They are kind of swinging in the wind a little bit. We don’t know what’s happening to them over this transition period.’Delta Dental doesn’t know whether the delayed mandate applies to its plans or whether it will also be permitted to act as an agent, signing up businesses for plans.As Alibrandi rattled off questions she’s left with ‘ in the absence of communication from the administration ‘ Robin Lunge, Shumlin’s health care reform director, stood several feet to her right.The chair of the Health Care Committee, Rep. Mike Fisher, D-Lincoln, asked Lunge for an explanation.Lunge described an administration scrambling to put ad hoc solutions in place.‘We did not reach out to every single stakeholder prior to the announcement. ‘¦ Absolutely because of the timing there were people on our preferred list, who didn’t get calls before the press conference. So you’re not alone,’ Lunge said. ‘It was not a desire to leave people out. It was simply that there are 24 hours in day.’Lunge offered to schedule a meeting with Alibrandi, but, she added, ‘It’s probably going to be early in the morning or late in the night because there’s a lot going on.’Alibrandi said she understands the rollout of Vermont Health Connect is a ‘behemoth’ of an endeavor, but said Delta Dental at least deserved a phone call notifying them of the changes.‘Given that there are only three carriers approved by the state to offer plans on the exchange, it didn’t seem like something the state would overlook,’ she said.Alibrandi wasn’t the only one Tuesday exasperated by the administration’s communications.Rep. Chris Pearson, P-Burlington, told Larson that he had given lawmakers an overly rosy prognosis of the exchange, prior to its launch.‘I can’t help but think about Sept. 12, when we all met downstairs, and we all expressed varying degrees of anxiety about the website for Oct. 1. And you, on behalf of the administration, assured us that we were on target,’ Pearson said.The shortage of accurate information, Pearson said, has constrained the Legislature’s efforts to keep watch over the rollout. ‘I view the legislative role as something as a watchdog on the administration, and it’s very frustrating. I feel like that role is hamstrung when people are putting on a good face,’ Pearson said.Neither lawmakers nor citizens are well-served, according to Pearson, by what he described as ‘sugarcoated answers’ coming from the administration. ‘I think Vermonters would be well-served to have advanced warning if we’re not able to meet the promises that were made,’ Pearson said.Larson said the administration has done the best it can to keep lawmakers in the loop. ‘The information I provided at that time was consistent with the information I had about our schedule,’ he said ‘We were always working on a very tight schedule from the very, very beginning.’Though he acknowledged the exchange launch hasn’t been as smooth as he predicted, Larson contested the suggestion that he had ‘sugarcoated’ his briefings.‘I think we tried to give accurate briefings to the legislators,’ he said. ‘Obviously, the implementation did not go as well as we had planned for it to go. ‘¦ There’s always risk in an IT implementation.’Earlier, Larson began his remarks by telling lawmakers to not to let ‘technical glitches’ overshadow the positive aspects of the transition.‘Yes, we’ve had technical glitches,’ Larson told lawmakers. ‘But I don’t want to lose sight of the excitement about what it means to implement the Affordable Care Act.’last_img read more

first_imgReginald Riendeau, a logger from Orleans, will pay $60,000 in civil penalties for violating Vermont’s water quality and heavy cut timber laws. The court-approved settlement requires Mr. Riendeau to comply with a harvest plan for any new logging activity and to give notice to the Vermont Department of Forests, Parks and Recreation before any new logging activity for the next three years. “There is no excuse for not protecting water quality on logging jobs,” said Attorney General Bill Sorrell. “Our forests are a vital part of our environment and economy. Following good management practices is critical to protecting our forests and keeping state waters clean,” he added.Riendeau admitted that he failed to follow the Acceptable Management Practices for Logging resulting in discharges to state waters in Wheelock and Albany, conducted logging activities within a protected wetland and its buffer zone, and heavy cut more than 40 acres without Department approval. Under a previous order by Washington Superior Court in this case, Riendeau performed the necessary remediation at the Albany site. Steven Sinclair, Director of Forests at the Department, stated, “We are encouraged by the settlement and feel that it sends a message to those in the forest industry who disregard state statutes. Requiring a harvest plan will ensure that future logging by Reginald Riendeau will follow state laws.”Source: Vermont AG 11.17.2014last_img read more

first_imgVermont Business Magazine The members of the VNAs of Vermont (VNAVT), the not-for-profit VNAs and Home Health and Hospice Agencies in the state, have been selected as pilot agencies for the Medicare Care Choices Model (MCCM) demonstration grant which will allow the agencies to provide extensive palliative care and care management services to patients who qualify for hospice care but chose not to enroll in the hospice program.“This is especially good news for terminally ill Vermonters who are seriously ill but, for a variety of reasons, choose not to enroll in our hospice programs,” said Peter Cobb, VNAs of Vermont Executive Director. This model will allow them to receive select hospice services while continuing to receive curative care services concurrently which are not allowed under the hospice rules.”The program will provide home-based care management, care coordination, and palliative care services to eligible beneficiaries with emphasis on patients with Congestive Heart Failure (CHF), Chronic Obstructive Pulmonary Disease (COPD) and diabetes. The Center for Medicare and Medicaid Innovations plans to phase in the program starting January 1, 2016.  The second phase will start January 1, 2018.  Hospices were randomly assigned to phase 1 or phase 2. Seven VNAs of Vermont members were selected for phase 1 and two for phase 2. (See list below)“Care for the terminally ill has been a key component of the services provided by the VNAVT members for many decades and all members provide both hospice and palliative care services to their communities.” Cobb said. Five of the ten VNAVT member agencies were part of the original Medicare Hospice Demonstration in 1979. According to Cobb, all offer the full continuum of home and community-based care, a full spectrum of rehabilitation services and palliative care for patients with life threatening illnesses. All have strong social service, bereavement and volunteer supports as well as strong relationships with pharmacies, hospitals, ACOs, DME vendors, ambulance companies and other community service providers.“There is a lot of work to do to get this program ready to accept patients,” Cobb said. “We need to inform physicians, advocates, patients and families about this opportunity. Statewide protocols will be developed including quality measures and reporting. Our plan is to enroll the first patients in about five months.” One of the most important features of the program, Cobb said, is that it is statewide.  “Every Vermonter in need of these services will have access to them.”Kathy Demars, Executive Director for the Lamoille Home and VNAVT President agreed. “Our goal is to provide, on a statewide basis, team-based supportive care and care management focused on providing relief from uncontrolled pain, overwhelming suffering and the stresses that accompany illness. We are confident that our program will improve the quality of care delivered, improve patient, family, provider communication, support disease specific advance care planning, ensure quality care in the home setting and optimize and promote efficient use of health care resources.” The patients who will be served in this program are at highest risk of repeated medical crises, hospitalization, symptom distress, family caregiver stress, and unnecessary medical expenditures, according to Jen Beebe, Hospice Director for the Lamoille agency.   “Our aim is to help them and their families identify their goals and select, early in the disease process and in concert with their primary care physician, a suitable, patient-centered, effective plan of care. We believe this program will improve the quality of life for our patients, improve coordination of care and services, increase patient and family satisfaction, and reduce costs,” Beebe said.About VNAs of Vermont: The VNAs of Vermont is the professional association that represents Vermont’s 10 Visiting Nurse Associations and not-for-profit home health care and hospice providers.last_img read more

first_imgNevada Delaware South Dakota Connecticut Vermont Business Magazine Kiplinger’s has released its annual ranking of the most and least tax-friendly states for retirees, with Vermont coming in as the “Least” among all 50 states. The list was unveiled as part of Kiplinger’s Retiree Tax Map—available at is external)—which offers an easy-to-use visual guide that compares taxes on income (including Social Security benefits, pensions and other forms of retirement income), property, everyday purchases, and, ultimately, your estate. The guide also reveals special senior tax breaks across all 50 states.“What many people don’t realize is that where you retire can be just as important—or, in some ways, even more important—than what you have when you retire,” said Sandra Block, Senior Associate Editor at Kiplinger’s Personal Finance. “Retirees and near-retirees can use Kiplinger’s 2015 Retiree Tax Map to explore their options and determine which locations would be the best fit for them, taking into account their personal finances, needs and lifestyle.The 10 Most Tax-FriendlyStates for Retirees:Alaska Wyoming Nebraska Louisiana Mississippi Minnesota Arizonacenter_img FloridaThe 10 Least Tax-FriendlyStates for Retirees:Vermont Georgia Oregon Montana California New Jersey Rhode Island New York The Retiree Tax Map is a sister project to Kiplinger’s annual Tax Map—which presents each state’s income taxes, sales taxes, gas taxes, “sin” taxes (for products such as alcohol and tobacco) and other tax types, rules and exemptions. The 2015 Tax Map(link is external) launched in September.The 2015 Retiree Tax Map(link is external) features comprehensive retiree tax profiles of each state, a list of the 10 most tax-friendly states for retirees(link is external) and a list of the 10 least tax-friendly states for retirees(link is external), as well as additional roundups including states with no sales tax(link is external), states that don’t tax Social Security(link is external), states that tax Social Security(link is external) and states with estate and/or inheritance taxes(link is external).For more information or to request an interview, please contact Jacob Streiter at [email protected](link sends e-mail) or 646-695-7047.About Kiplinger For nine decades, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920 by W.M. Kiplinger, the company developed one of the nation’s first successful newsletters in modern times. The Kiplinger Letter, launched in 1923, remains the longest continuously published newsletter in the United States. In 1947, Kiplinger created the nation’s first personal finance magazine. is the fastest growing Web site in the personal finance space. Located in the heart of our nation’s capital, the Kiplinger editors remain dedicated to delivering sound, unbiased advice for your family and your business in clear, concise language. Become a fan of Kiplinger on Facebook(link is external) or is external) and follow Kiplinger on Tumblr(link is external), Twitter(link is external) and LinkedIn(link is external).last_img read more

first_imgVermont Business Magazine Governor Peter Shumlin today announced a milestone in Vermont State Park visitation. So far this year, more than 1 million people have visited state parks. That hasn’t happened in 27 years and has only occurred four other times over the 91 year history of the park system. The state will receive an estimated $6.1 million in direct revenue from this year’s visitation. The statewide economic impact from those visits is about $88 million.“We are all pleased that so many Vermonters and guests are realizing the treasures we have in our wonderful park system,” Gov. Shumlin said. “Outdoor recreation is such an important part of Vermont’s culture and economy and state parks offer a way for all of us to enjoy Vermont’s best.”State Park attendance has been growing steadily over the last several years. Commissioner Michael Snyder of the Department of Forests, Parks and Recreation attributes the success to a number of factors.“Our parks program staff do an outstanding job reminding people of the value of the park experience, we have invested wisely in our structures and facilities, and we have an excellent front line staff that offer the outstanding customer service we are known for.”Vermont has a system of 52 state parks that are fully operated from mid-May through mid-October each year. Although the areas are open and sometimes heavily used during the off season, attendance is only tracked during the operating period. The department expects the trend in park use to continue over the years to come.For more information about Vermont State Parks visit is external).last_img read more

first_imgBruce LismanRepublican Bruce Lisman did not offer any magic elixir to improving the economy. It will be a process and take time. It will require finding efficiencies, which he is confident do exist, and being transparent about taxation and spending.But of the many people Lisman’s talked to with a myriad of concerns, it generally came down to one issue: “People got problems and they need somebody to fix them.”“In Vermont, people say, No one listens to me… I work for the government, the government doesn’t work for me.”Lisman said he will manage the government and keep the growth in the state budget generally equal to the growth in the economy, which he said is right around 2 percent “and heading toward 1 percent.”He, like all the candidates, does not see places to cut services and insists that programs will remain intact. Lisman said the state must spend money on the opiate problem, on cleaning up Lake Champlain as mandated by the EPA, on workforce development and on building technology.Lisman also questions economic stimulus programs, because if you’re paying your friend to be your friend, as soon as you stop paying him, he will no longer be your friend.“Let’s reconsider the nature of economic development,” Lisman said.Vermont is a small state, he said, we should know all the major employers, establish relationships and understand why they are successful or what local or global forces are grinding on them, instead of finding out about it after they’ve announced that they’re restructuring out-of-state.“Ninety-six percent of the businesses in our state are small businesses. Shouldn’t we know them a little bit better than we do now?” We give them band-aids, he said.The state did nothing to find and grow legendary companies like Green Mountain Coffee, and the craft beer makers, among many great success stories, he said. It’s about the process, Lisman said. Stick to the basics: good transportation; broadband; workforce; quality of life. Make it easier for people to grow their businesses and thrive. “I think we should spend less time trying to figure out how we find the next Sonnax or Green Mountain Coffee and make this a place where those who would like to do business here find this platform exciting and interesting.” Matt Dunne“There are three pieces we’ve got to do,” said Matt Dunne about growing the economy. “We’ve got to do a stimulus. We’ve got to do an infrastructure build for the modern economy. And we’ve got to make a concerted effort to support entrepreneurship. And the three are all connected, in a variety of ways.”“On the stimulus side we’ve already proposed two bonds that would address housing, which is a critical, critical issue in our economy, as well as addressing homelessness. We’ve put together a $100 million ‘green jobs fund’ that would be a bond to do efficiency work in public buildings across the state, and would be paid for with the difference between the utility bill before the efficiency bill and the utility bill afterwards.”It would create jobs, he said, and lower costs to the renter or home owner and lower the state’s carbon footprint dramatically.The second stimulus part, Dunne said, is a housing bond itself, based on a $2 occupancy fee that would generate $200 million via bonding that would go toward affordable housing. He said the one percent vacancy rate for housing across the state “has turned a housing crunch into a homelessness crisis.”Housing problems hurt the economy, he said, because workers can’t live near where they work, or where they want to work, and they might have to turn down a job opportunity. Equally, the employers can’t find the workers.  Dunne call this “a once in a generation effort” that will create a lot of jobs but will not affect the bond cap or impact the General Fund. It will address the housing crisis. Using a bond for the housing authority is done in other states, he said.“The second piece is infrastructure and the electricity of our time, which is broadband.” Dunne said, “We have to get to a place where we’re first in the nation in delivering high-speed Internet.”He said he would use the experience he gained in the five years he spent at Google deploying high-speed Internet across the country to get this done here, including new technologies to overcome the rural and mountainous nature of the state. Cell service could likewise be improved.People want to live in Vermont, he said, and this would give many the opportunity to do so.“And the final piece is encouraging a much stronger entrepreneurial ecosystem.”The number of startups, Dunne said, has not even got back to pre-recession levels. Entrepreneurship has traditionally been of the Vermont’s strengths.“I don’t think we’re particularly good at going out and trying to harpoon a large company and bring it to the middle of our state.”“In fact our success has come from Vermont entrepreneurs and innovators being able to take an idea and bring it to market.”Employ things like a “robust microfinance” program in the state, which are tiny pieces of money that can make a difference. There are federal funds also available for this purpose.Vermont should also create centers of entrepreneurship and innovation – “a think house,” where people live and work and innovate together.On the finance side, he wants a program where someone could defer their own capital gains by investing in another entrepreneurial company, thereby helping finance Vermont early-stage companies.“I believe that government isn’t very good at picking sectors,” Dunne said. “I think we’re very good at creating a platform for success.” Of course, Vermont has some natural advantages “associated with our brand and our natural assets.” The state can build on things like value-added agriculture and the wood products industry.“The critical piece is we’ve got to change the perspective of folks outside of Vermont as to what Vermont can be.” Vermont is beautiful and boasts a sense of community, but the state needs to change the perception, even among the state’s own high school students, that Vermont is a place without opportunity. The state needs to emphasize the many success stories and “project it outwards.”“When sold for a billion dollars, it was met with some different views. ‘Don’t tell anyone’.”Instead of fearing job loss, Dunne said Vermont should have spread the word that this is a place with such a vibrant culture of innovation and a capacity for technology that in only a few years a startup can sell for a billion dollars.It’s not random that there are successes here, whether it’s technology or beer, in a world with a “geography free” marketplace. “It’s just going to take a different mindset in how we do economic development.”Sue MinterAs Sue Minter has made her way across the state, the unifying issue among the many voters she’s met  is the economy.“Too many Vermonters are really struggling just to make ends meet.”“Forty-three percent of women in this state who work fulltime still aren’t able to meet their basic needs. So for me, it’s about economic security, economic opportunity.”Rural poverty, substance abuse, domestic violence, and related issues led her to focus on a system of early childhood education.“We have over 40 percent of our children coming to kindergarten unready to learn. And on the other end of that, we don’t have enough Vermonters continuing their education beyond high school.”Minter’s Vermont Promise program would provide two years tuition free at Community College of Vermont or Vermont Technical College. Five other states already have a similar plan, she said.“It’s a win, win, win. Education equals workforce equals economic opportunity. And it means economic development. Because when I’m going around it doesn’t matter where I am in the state or what sector of the economy, every business that would love to grow can’t find workers. And meanwhile, we’ve got four out of 10 Vermonters not continuing on to college, when two-thirds of the jobs in the 21st Century require it. If we’re ever going to break the cycle of poverty, we have to get kids beyond high school. And when we do, we’ll see economic security and success.”A vital piece of the Promise program isn’t just the education but mentoring, because a lot of these kids are first-generation college, “and they need a champion.”The program costs $6 million the first year and $12 million the second year, to be financed by the bank franchise fee or a corporate income tax on banks. “We don’t have a corporate income tax on banks, even though New York and New Hampshire do.” She said there currently is a franchise fee but it’s been flat for the last 10 years.“I think we can partner with banks to support this mission, because it’s in everyone’s interest, including there’s.”An associate’s degree adds $12,000 more a year in wages and a bachelor’s degree adds $32,000 more per year, she said.It’s critical to both help grow the economy and the workforce, and to break the generational cycle of poverty.”“I think the economy needs to grow.”“I have seen real success in strategies to help create economic stimulus in our downtowns and villages. That’s what my Invest Vermont program is all about.“My economic development strategy is about two key programs: Invest Vermont and Innovate Vermont.”“Invest Vermont really builds on the downtown program that I’ve been a part of for 10 years. When I was Secretary of Transportation, we put a significant, strategic, infrastructure investment into downtown Barre six years ago. It was a community struggling. Lots of empty storefronts. And lots of people without a lot to do on the street. Go to Barre now. We put $19 million into water, wastewater, sewer, stormwater. We partnered with local leaders. A strong, ambitious mayor. A downtown partnership. The affordable housing community. Everyone in partnership. And we aligned the investment. I’m not talking about new dollars, I’m talking about aligning the dollars that are in state, federal or municipal budgets today so that it creates a stimulus effect.”  She said that $19 million in public investment has leveraged over $45 million in private investment into Barre. Barre is growing its manufacturing, commercial, residential and retail base, Minter said. Sales and Rooms & Meals tax receipts have grown 13 percent in those six years, she said, while the statewide average is just 3 percent.“So I have seen it. I’ve been part of seeing what economic stimulus can do to a regional center.”In her first year, she said she will choose three communities that are ready for this kind of stimulus. While she didn’t name these towns, she said she’d be looking for communities that need the stimulus, have the leadership, and have a plan to get there.Meanwhile, “Innovate Vermont is really looking at the sectors of economic growth that are really going to drive innovation and change and grow the Vermont economy:”Advanced manufacturing;High TechGreen Economy: Efficiency and renewable energy; and the farm, food and forest economy.Minter said in her first 90 days she would create task forces of leaders to pull these ideas together.“What’s so interesting about this job, as I go all over the state, and talk to different people, they’re working on the same stuff. And they’re in the opposite sides of the state and they’re not necessarily pooling their good ideas together. And that’s what I do well. I pull people together and get things done. I’m very goal driven, task oriented. That’s how we got through Irene. We had very specific roles that we measured ourselves by every single day.”Phil ScottPhil Scott wants to keep it simple.“It’s really all about the affordability and growing the economy. That’s it, as far as I’m concerned.”“One would address the other, and I think that’s something we’ve lacked focus on and something we should restore.”“That’s it in a nutshell. That’s something I’ve advocated for for a number of years. It started with my Vermont Everyday Jobs Tour, go out and work a day in someone else’s shoes. And what I’ve found is that people – employees and employers – are struggling in many different aspects. “What the employees are feeling is that they’re working two or three jobs, trying to make ends meet, trying to pay their property taxes, trying to make their mortgage payments, rent payments and so forth, and not being able to make that happen.“So, when you look at what the problem is; it’s well documented. We have this population that’s stagnant, 620,000 people. And we’re losing this age group from 25 to 45. We’ve lost 30,000 people out of that category alone since the last census.“When you think about what that represents, that’s the workforce, and those are the folks that buy homes, they have families, utilize services, buy products, and if they’re not doing that, if they’re not there, it puts the burden on the rest of us. There are less people working than there were seven years ago. The workforce has shrunk.“So, we have to pay attention to that demographic, 25-45, to lessen the burden on the rest of us and to lessen the affordability crunch that we’re feeling. Emphasize the economy. Grow the economy. Bring revenue in organically, instead of raising taxes and fees. It’s the only approach we have left.”While he emphasized that the state needs to modernize, Scott said he would start with making sure that the state gets its own fiscal house in order. “That means living within your means. I have to do it in my business . I’ve been in business for most of my life. I’ve done it in my personal life. You have to make choices. And you have to prioritize. And you can’t spend more than you’re taking in. “What this Legislature’s done over the last six or seven years has been to present budgets that grow faster than the economy does. And that just leads to more taxation and more fees being raised. And that furthers this crisis of affordability that we have in Vermont.”First, Scott said, is you have to develop a budget in line with the rise in the cost of living. He said in developing a budget he would not look forward to try and make an educated guess of what the economy will do, but he’d look back to see how it has actually performed. “If it’s 1 percent, your budget caps at 1 percent growth. If it grows at 2 percent, you cap it at 2 percent growth. You just don’t go further than that. “Then you’re asked, What are you going to cut? And it’s about prioritization. You take care of those who can’t take care of themselves. Public safety is very important. But you prioritize that, just as we prioritize in our own lives, just as we have to do in our own businesses. You make difficult choices, but that’s what you do first.” by Timothy McQuiston You can quickly recognize someone running for governor this year: They’re too tanned. “It’s the parades,” Phil Scott said with a leathery smile. Scott is Vermont’s lieutenant governor and one of five major candidates hoping to succeed Governor Peter Shumlin, who is stepping down. Businessman Bruce Lisman is the other Republican and the Democrats are former Google executive and legislator Matt Dunne, former ambassador and legislator Peter Galbraith and former Transportation Secretary and legislator Sue Minter. The other commonality among them: They question the wisdom of the early primary, which will winnow the field down to two on Tuesday, August 9. It adds a wildcard to the race that could benefit the underdogs, or not.As Galbraith put it: “I think it’s bad for Democracy. Whether it’s good or bad for me, I don’t know.”The early date adds uncertainty that even their own internal polling cannot predict. Typically the primaries are during the county fair season in late summer, where the candidates can work the crowds while they try and work off the corn dogs.The mid-summer primary also has been more subdued, especially compared to the rollicking race six years ago. Some of that must be due to the vacation-time campaigning the candidates have had to endure. Perhaps the presidential politics with big name and verbose candidates on both sides has stolen the spotlight from the local candidates. But it’s also true that the out-sized personalities of Shumlin and Brian Dubie from six years ago are also missing.None of these current gubernatorial candidates are famous for sucking the air out of a room. All are thoughtful and the most dynamic campaign stunt, if one can even call having a bit of fun a stunt, was Sue Minter hula-hooping during a Fourth of July parade. Other commonalities include changing Vermont Health Connect (fixing, re-working, or killing), the state’s health insurance exchange. They agree the economy needs to grow. They’d all like to lower property taxes. And they all see the necessity of balancing the state budget, which has been a constant struggle since Governor Snelling and Speaker Ralph Wright committed to keeping it balanced by any means necessary during the recession of 1991.Vermont Health Connect, which has never worked correctly since it went live on October 1, 2013, and immediately crashed, has been vilified by Shumlin’s political opponents and has frustrated even his closest supporters. Shumlin himself only saw it as a step toward a single-payer, Canadian-style health insurance system. Cost of that plan ultimately forced to Shumlin to rescind that effort, which in any case always seemed a long shot.Bruce Lisman insists he would dissolve it immediately and move to the federal exchange. Matt Dunne and Sue Minter would first want to try and fix it, but only if it could be done efficiently, and if not then move on. The other candidates see it as a failed endeavor. Scott suggested that the state could piggyback in some way onto another state’s technology, or if that can’t be worked out then move policy-holders onto the federal insurance exchange. Dunne also would move in a similar direction if all hope is lost on VHCGalbraith also sees that happening, but wants the state not to abandon the concept of at least a partial single-payer plan for universal, zero-cost to the patient for primary care. He said it won’t cost that much and he has a way to pay for it. It would also help hold down health care costs over time because getting that ugly mole on your hand treated now, instead of it leading to melanoma, will result in better health outcomes and vastly lower treatment costs.But for the near future, it seems the state is stuck with Vermont Health Connect.As much as Bruce Lisman would want to scrap the whole thing on his first day in office (including the small business mandate) and move quickly to the federal exchange, the new governor might not be able to effect change until January 1, 2018. To those who are suffering with Vermont Health Connect, that might seem a lifetime.But because the anniversary date for policy holders is the first of the year, the new governor would need to wait nearly a full year to implement a change. Governor Shumlin could start that process now if he so chooses to move the transition up a year, but no one expects that. There also could be an act of the Legislature, but that would seem even more unlikely.All the candidates acknowledge the critical need for property tax relief, but the means of getting there varies among them. Lisman and Scott see it as part of a tax cutting program (the state budget is growing faster than the economy and school budgets keep growing despite a steep drop in students), while Dunne sees it as a cost reduction plan. Galbraith, consistently offering the most radical plans, has no problem reducing the property tax burden by dumping income tax loopholes and raising personal income taxes on wealthier Vermonters as needed. Sue Minter said all these plans, including motivated local school boards, will have a difficult time lowering costs as long as health care insurance costs keep rapidly climbing. Lisman wants to keep local control also, but schools need to cut costs, which could include increasing classroom sizes and reducing staff.But for the most part the candidates acknowledge that issues like balancing the budget, reducing property taxes and bringing down the cost of health insurance will be a process for whomever is elected governor, one they might not see achieved in their own political lifetimes.Along with the budget, Vermont Health Connect and property taxes, Vermont Business Magazine asked the candidates about cleaning up Lake Champlain (and the consequence on dairy farmers), and how Vermont can manage to keep young people in the state, at a time when population growth is stagnant and the state gets older.The answers below focus more directly on the economy. A comprehensive version of these interviews with video can be found at vermontbiz.comThe EconomyPeter Galbraith“The first thing I’d do as governor is raise the minimum wage to $15 an hour; $12:50 immediately and $15 by 2021,” Democrat Peter Galbraith said. “It’s actually the reason I got into the race. To me, it is the single most important thing we can do to reduce inequality in the state of Vermont.”“What I’m proposing,” Galbraith said, “is a 50 percent pay raise for those who make the least. But it’s also great for the economy, so it will help grow the economy, because low wage workers spend their extra income. They spend almost all of it. They spend it locally, so there’s a significant economic stimulus.”The vast majority of the jobs are in the service economy, he said, so the state would not see the kind of flight of industries. You can’t move the ski mountains or the fast-food restaurants out of the state. He said a higher minimum wage would increase sales taxes and reduce the earned income tax credit, for a state savings of $18 million. “It’s a win, basically, for everybody, so that would be my top priority,” Galbraith said. “It helps address the issue of inequality and it addresses the issue of affordability. It helps grow the economy.”He then would get rid of tax loopholes to save another $26.5 million. In addition to that, he would restructure the state’s business incentive plan, (Vermont Employment Growth Incentive, or VEGI, which rewards companies for growing employment in Vermont that would not otherwise occur) to make it an equity participation or loan program, instead of a “giveaway program.” This would save another $2 million.Galbraith would turn much of that extra money into free, four-year tuition to any Vermont student who attends one of the Vermont State Colleges.“Education makes an enormous difference over a lifetime of earnings,” he said, while vocational training can be short-lived as technology and the changing demands of the global economy change. Skills learned in college can be transferred regardless of how the economy evolves. last_img read more

first_imgNEWLY REPORTED OVERFLOWS. These overflows are pending review from DEC Wastewater staff ALL OTHER OVERFLOWS Reviewed by DEC Wastewater staff Start DateEnd DateStart TimeEnd TimeLocationWaterbodyNature of IncidentEstimated Volume (gallons)Wastewater Treatment FacilityContact PersonSubmission NumberView(link is external)08/13/201608/13/201608:23 pm08:37 pmWest Street SiphonEast CreekAuthorized Wet Weather CSO Overflow10,000 to 100,000 gallonsRutland(link is external)Jeff Wennberg, Commissioner of Public Works2HT-GY2N-DS67View(link is external)08/10/201608/10/201606:27 am06:32 amWest Street SiphonEast CreekAuthorized Wet Weather CSO Overflow1,000 to 10,000 gallonsRutland(link is external)Jeff Wennberg, Commissioner of Public Works2HQ-PXAF-6NKAView(link is external)08/10/201608/10/201606:26 am06:56 amCalvery CemetaryOtter CreekAuthorized Wet Weather CSO Overflow10,000 to 100,000 gallonsRutland(link is external)Jeff Wennberg, Commissioner of Public Works2HQ-QE48-HPBFView(link is external)08/10/201608/10/201606:26 am06:56 amSchool and Meadow Street combined- 3rd BaseEast CreekAuthorized Wet Weather CSO Overflow10,000 to 100,000 gallonsRutland(link is external)Jeff Wennberg, Commissioner of Public Works2HQ-QWF6-YJM3View(link is external)08/10/201608/10/201606:26 am06:56 amHomeplate-BallfieldEast CreekAuthorized Wet Weather CSO Overflow10,000 to 100,000 gallonsRutland(link is external)Jeff Wennberg, Commissioner of Public Works2HQ-QNWT-670E Start DateEnd DateStart/End TimesMunicipalityLocationWaterbodyNature of IncidentEstimated Volume (gallons)Wastewater Treatment FacilityContact PersonSubmission NumberView(link is external)2016-07-292016-07-2902:35 pm to 02:50 pmShelburneFalls Rd @ Laplatte River bridgeLaPlatte RiverOther>100 to 1,000 gallonsShelburne 2 (Harbor Rd) (link is external)Chris Robinson, Water Quality Superintendent2HE-7W9V-HN89View(link is external)2016-07-192016-07-20Start: 8:09 PM End: 9:00 AMShelburneShelburne 1 (Crown St.) WWTFShelburne BayDischarged treated and partly disinfected effluent103,000 gallonsShelburne 1 (Crown Rd) (link is external)Joe Colangelo, Town Mgr. Start DateEnd DateStart/End TimesMunicipalityLocationWaterbodyNature of IncidentEstimated Volume (gallons)Wastewater Treatment FacilityContact PersonSubmission NumberView(link is external)2016-08-172016-08-1712:01 am to 02:00 amCity of MontpelierCSO# 001 Taylor St. BridgeWinooski RiverAuthorized Wet Weather CSO Overflow>100 to 1,000 gallonsMontpelier (link is external)Kurt Moytka2PB-6W63-7NSEView(link is external)2016-08-172016-08-1712:01 am to 02:00 amCity of MontpelierCSO# 003 Bailey Ave. BridgeWinooski RiverAuthorized Wet Weather CSO Overflow>100 to 1,000 gallonsMontpelier (link is external)Kurt Moytka2PB-8CQN-K2P9View(link is external)2016-08-172016-08-1712:01 am to 02:00 amCity of MontpelierCSO# 009 152 Main St.North Branch RiverAuthorized Wet Weather CSO Overflow>100 to 1,000 gallonsMontpelier (link is external)Kurt Moytka2PB-8HDC-3PN9View(link is external)2016-08-172016-08-1712:01 am to 02:00 amCity of MontpelierCSO# 007 10 Main St.North Branch RiverAuthorized Wet Weather CSO Overflow>100 to 1,000 gallonsMontpelier (link is external)Kurt Moytka2PB-8FVG-8HZ9View(link is external)2016-08-172016-08-1712:01 am to 02:00 amCity of MontpelierCSO# 008 10 Main St.North Branch RiverAuthorized Wet Weather CSO Overflow>100 to 1,000 gallonsMontpelier (link is external)Kurt Moytka2PB-8GP4-BT21View(link is external)2016-08-172016-08-1712:01 am to 02:00 amCity of MontpelierCSO# 023 Bailey Ave. BridgeWinooski RiverAuthorized Wet Weather CSO Overflow>100 to 1,000 gallonsMontpelier (link is external)Kurt Moytka2PB-8F18-RF5XView(link is external)2016-08-132016-08-1306:00 pm to 10:00 pmCity of MontpelierCSO 003Winooski riverAuthorized Wet Weather CSO Overflow>10,000 to 100,000 gallonsMontpelier (link is external)Kurt Motyka2P9-P8A3-KH76View(link is external)2016-08-132016-08-1306:00 pm to 10:00 pmCity of MontpelierCSO 023Winooski riverAuthorized Wet Weather CSO Overflow>10,000 to 100,000 gallonsMontpelier (link is external)Kurt Motyka2P9-P9AN-X9ZFView(link is external)2016-08-132016-08-1306:00 pm to 10:00 pmCity of MontpelierCSO 001Winooski riverAuthorized Wet Weather CSO Overflow>10,000 to 100,000 gallonsMontpelier (link is external)Kurt Motyka2P9-P5EP-15XXView(link is external)2016-08-132016-08-1306:00 pm to 10:00 pmCity of MontpelierCSO 007Winooski riverAuthorized Wet Weather CSO Overflow>10,000 to 100,000 gallonsMontpelier (link is external)Kurt Motyka2P9-P9Y4-TGZEView(link is external)2016-08-122016-08-1307:00 pm to 07:00 amNorthfieldEast StDog RiverAuthorized Wet Weather CSO Overflow>100 to 1,000 gallonsNorthfield (link is external)Jeff Schulz2HV-ADMS-Y21HView(link is external)2016-08-012016-08-0107:45 am to 07:50 amCity Of RutlandWest Street SiphonEast CreekAuthorized Wet Weather CSO Overflow>1,000 to 10,000 gallonsRutland (link is external)Jeff Wennberg, Commissioner of Public Works, City of Rutland2HG-J8DM-8VM3View(link is external)2016-07-232016-07-2305:10 pm to 05:20 pmCity of RutlandWest Street SiphonEast CreekAuthorized Wet Weather CSO Overflow>1,000 to 10,000 gallonsRutland (link is external)Jeff Wennberg, Commissioner of Public Works2H9-R0F8-2ZNZ Agency of Natural Resources – Watershed Management The following are Public Alerts submitted by Wastewater Treatment Facilities for prompt public awareness of untreated discharges and their locations. The most recent on August 15 occurred in Montpelier. These alerts have been directly reported by Wastewater Treatment Facilities and may have not yet been reviewed by the State. Wastewater Treatment facilities are required to submit a public alert as soon as possible, but no longer than one hour from discovery of an untreated discharge from the wastewater treatment facility. This time requirement is extended to no longer than four hours if the operator does not have telephone or internet service at the location or they are working to control or stop the untreated discharge. Additional details regarding sewage overflows and incidents are required to be reported within 12 hours of discovery and available below.Facility NameTownLocation DescriptionReceiving WatersDate/Time Submission EnteredMontpelierMontpelier10 Main St.North Branch River8/17/2016 9:26:06 AMMontpelierMontpelier10 Main St.North Branch River8/17/2016 9:25:21 AMMontpelierMontpelierBailey Ave. BridgeWinooski River8/17/2016 9:23:39 AMMontpelierMontpelierBailey Ave. BridgeWinooski River8/17/2016 9:20:44 AMMontpelierMontpelierTaylor St. BridgeWinooski River8/17/2016 9:19:37 AMMontpelierMontpelier152 Main Street. CSO# 023North Branch River8/17/2016 9:05:38 AMNorthfieldNorthfieldEast St over flow 004Dog River8/15/2016 7:17:01 AMRutlandRutlandPermitted CSO Structure(s). Flow and volume data pending. Event may still be in progress.East Creek, and possibly Otter Creek8/13/2016 9:00:01 PMRutlandRutlandPermitted CSO Structures. Flow and volume data pending. Event still in progress.Otter Creek & East Creek8/10/2016 7:01:32 AMRutlandRutlandWest Street SiphonOverflow. This is a permitted CSO structure used in high stormwater flow events.East Creek8/1/2016 8:10:49 AMShelburne 2 (Harbor Rd)ShelburneFalls Road at LaPlatte River bridgeLaPlatte River7/29/2016 4:11:40 PMRutlandRutlandWest Street Siphon. Approximate duration, less than 10 minutes with total discharge, less than 10,000 gallons.This is a permitted discharge from a CSO structure caused by a high sudden surge of stormwater.Otter Creek7/23/2016 6:13:42 PMShelburne 1 (Crown Rd)ShelburneShelburne BayLake Champlain7/20/2016 2:57:05 PMNorthfieldNorthfieldEast St. CSO-004Dog River7/19/2016 7:26:59 AM WET WEATHER COMBINED SEWER OVERFLOWS Reviewed by DEC Wastewater stafflast_img read more

first_imgThe University of Vermont Medical Center,UVM Medical Center President and COO Eileen Whalen and Chief Medical Officer Stephen Leffler, MD (front row center) are joined by members of the hospital’s quality improvement team in accepting the Bernard A. Birnbaum, MD Quality Leadership Award.  This is the 6th year in a row the UVM Medical Center has been ranked in the top 20 of academic medical centers nationwide. UVMMC photo.Vermont Business Magazine For the 6th consecutive year, The University of Vermont Medical Center is being recognized as a top performer among leading academic medical centers participating in the annual Vizient Quality and Accountability Study, recognized as the most rigorous and credible analysis of its kind. Vizient, Inc(link is external). is the largest member-driven health care performance improvement company in the country.Low readmission rates, excellent results in patient safety, and shorter than average length of stay placed the UVM Medical Center at 13th in the nation up from 16th in 2015. The study analyzes dozens of measures in six categories – mortality, efficiency, safety, effectiveness, patient-centeredness and equity. The hospital improved on its own quality scores from 2015 in mortality and effectiveness and remained at #1 in equity, which measures differences in care provided based on gender, race and socio-economic status.Hospitals scoring in the top tier qualified for the Bernard A. Birnbaum, MD Quality Leadership Award. Joining the UVM Medical Center in this group are:Mayo Clinic, Cedars Sinai Health System, New York University-Langone Medical Center, Penn State Hershey Medical Center, The Ohio State University Wexner Medical Center, University of Michigan Health System, Rush University Medical Center, University of Utah Health Care, Houston Methodist Hospital, Nebraska Medicine, West Virginia University Hospitals, and Froedert Hospital-Medical College of Wisconsin.In a study that looks separately at outpatient care, the UVM Medical Center ranked #6 among participating hospitals, an improvement from last year’s #8 ranking. This analysis evaluates access to care, continuum of care, quality, efficiency and equity in our medical group practices.“To be neck-and-neck every year with Mayo Clinic and other elite hospitals means our patients are getting some of the best care in the country right here in Vermont,” said Eileen Whalen, MHA, RN, president and chief operating officer of the UVM Medical Center. “This continued excellence is due to the relentless efforts our team makes to provide the best possible care for every patient every single time.”“Hospitals today are using data and analytics to help them more effectively manage cost and deliver superior clinical outcomes and patient experiences,” said Jody Hatcher, president, sourcing and collaboration services for Vizient. “By winning this award, The University of Vermont Medical Center demonstrated a successful leadership style, a shared sense of purpose, a focus on results, and a culture of collaboration, accountability and adaptability necessary to succeed during this time of unrelenting change in our industry. We congratulate them on their achievement.”About the Vizient Quality and Accountability StudyVizient’s Quality and Accountability Study is designed to help members identify clinical outcomes and processes associated with high performance in quality and safety across a broad spectrum of patient care activity. The conclusions in Vizient’s Quality and Accountability Study are based on a review of performance data from a variety of sources, including Vizient’s Clinical Data Base, core measures data, the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) survey, and the Centers for Disease Control and Prevention’s National Healthcare Safety Network. More than 100 academic medical center and 124 community hospitals members participated in the 2016 study.About the University of Vermont Medical CenterThe University of Vermont Medical Center (link is external) is a 447 bed tertiary care regional referral center providing advanced care to approximately 1 million residents in Vermont and northern New York.  Together with our partners at the Larner College of Medicine at the University of Vermont and the College of Nursing and Health Sciences, we are Vermont’s academic medical center. The University of Vermont Medical Center also serves as a community hospital for approximately 150,000 residents in Chittenden and Grand Isle counties. The University of Vermont Medical Center is a member of The University of Vermont Health Network(link is external), a five-hospital system established to deliver high quality academic medicine to every community we serve. Our partners are:The University of Vermont Health Network – Alice Hyde Medical Center(link is external)The University of Vermont Health Network – Central Vermont Medical Center(link is external)The University of Vermont Health Network – Champlain Valley Physicians Hospital(link is external)The University of Vermont Health Network – Elizabethtown Community Hospital(link is external)Source:  BURLINGTON, VT – is external) 10.31.2016. or visit our Facebook, Twitter, YouTube, and blog sites at is external)last_img read more

first_imgVermont Business Magazine A group of local investors led by Ralph DesLauriers and his son, Evan DesLauriers, closed Friday on the purchase of Bolton Valley Resort. Bolton Valley, located in the town of Bolton in Chittenden County was founded by DesLauriers and his father Roland in 1966. DesLauriers owned and operated the resort from its founding until 1997.  Since then, the resort has changed hands several times and until Friday, was owned by two real estate developers from Burlington, Larry Williams and Doug Nedde. The purchase of the resort by DesLauriers and his partners brings the resort full circle after 20 years.Moving forward, the day to day operations of the Resort will continue with the existing management team, under the leadership of the Resort’s President, George B. Potter. The new ownership company will be led by members of the DesLauriers family including Ralph DesLauriers, his son Evan, and daughter, Lindsay. In addition to the DesLauriers’ management company, a group of local investors came together to raise the money necessary to purchase the resort.“Bolton Valley was the first place I skied when my parents drove my brother and me up to Vermont on weekends. In a year when major corporations are buying up Vermont ski resorts, Bolton Valley returns to its roots with the DesLauriers family. Being able to be part of this ski community and make a positive difference means a lot me. When Ralph and I first talked about the opportunity, I was truly honored.” said Thomas Kelliher, one of the investors in the group who lives at in Bolton Valley.“When I grew up, none of my classmates at Burlington High School skied. Skiing was a sport for the affluent,” said Ralph DesLauriers. “When I built Bolton Valley back in the ’60’s, I made it my mission to give every Vermont child the opportunity to ski. We established after school programs where kids could take the bus up after school and learn to ski – and tens of thousands of kids all over Chittenden and Washington Counties have learned to love skiing at Bolton Valley. It’s one of the things I’m most proud of, and it’s that same family centered mission and love of Vermont that’s driving me and my kids back into this business.”However, the new management group has its work cut out for them. Over the years, Bolton Valley Resort has aged and what was once a year-round destination resort with winter and summer amenities, several dining outlets, and a packed hotel has, over the years, reduced its amenities and narrowed its focus to the winter. The group has ambitious plans to update and renovate the property, restore summer amenities, and enhance customer service.“People love Bolton because it’s a great place to bring your family – it’s a safe, self-contained, and affordable place to ski,” said Evan DesLauriers. “Growing up, we could ski the whole mountain as kids and our parents never worried. We don’t want to change any of that. We love Bolton Valley. But we know that it needs to be updated and that’s what we plan to do. Starting this summer – we will embark on a gradual, multi-year plan to improve the facilities, offer more amenities to our guests, and bring summer back to the mountain. And we’re committed to doing it in a way that keeps Bolton accessible and affordable for Vermonters.”“Ralph and his family assuming ownership and stewardship for Bolton Valley Resort is great news for the resort and our community,”  said Nedde. “The DesLauriers’  passion and experience related to Bolton Valley Resort  is unmatched.  Having three of the owners living on the mountain will provide the resort with the attention and focus that is required to be successful.  I hope our community will provide strong support for Bolton which will remain locally owned.”The purchase includes approximately 700 acres of land, six lifts, a 64-room hotel, 10 lodge condominium units, four restaurant facilities, a small general store and deli, and a 20,000 square foot indoor Sports Center. In addition, the company has contractual access and use rights for cross-country & backcountry skiing and hiking on 1,144 acres of adjacent land in Mount Mansfield State Park.“This is a bittersweet time for us”, said Williams.  “Both Doug and I love Bolton Valley and everything that it represents.  We will miss being part of a great community asset and working with a great group of employees.  We are also excited to have played a role in returning the resort to its original ownership.  We wish Ralph, Evan and Lindsay the best in their vision of taking the resort to the next level.”Moving forward into the next phase of Bolton Valley Resort’s evolution, the idea that every Vermont child should have an opportunity to learn to ski will remain a core part of the new owners’ social mission and will be the basis for expanding kids’ offerings into summer programs as well. The group also plans to restore and update existing buildings and infrastructure, re-establish year-round food service, including a pool-side BBQ, and develop family-centered summer programming, including outdoor swimming, tennis, mountain biking, and a Nature Learning Center.“This is an exciting time for Bolton Valley,” said Ralph DesLauriers. “Our guests can expect to see steady progress toward a major revitalization of the resort over the next few years. Vermont’s outdoors is a gift to those of us who live here and for those who come to visit. We are looking forward to making Bolton Valley Resort a year-round recreational home for families to enjoy. It’s our way of giving back to our community.”Bolton Valley features 71 trails for skiing and riding serviced by six lifts. Approximately 100km of high elevation Nordic terrain, a complete Sports Center and Indoor Amusement Center plus Vermont’s most extensive top-to-bottom night skiing and riding are just a few of the extras available to guests. All-inclusive, true ski-to-your-door lodging packages are available at the slopeside Inn at Bolton Valley.Source: BOLTON VALLEY, VT (4/14/2017) For more information visit is external) or call 877-9BOLTON.last_img read more

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