Bridgewater
REAL ESTATE
Investor group with Vermont ties buys Killington Resort
Killington, VT- Killington Resort & Pico Mountain are being sold by the Powdr Corporation to a group of investors with ties to the area. A press release announcing the sale described the buyers as a “passionate group of local passholders” spearheaded by two of the lead investors, Phill Gross and Michael Ferri. Gross has served as a board member of the U.S. Ski and Snowboard Association and the World Cup Dreams Foundation and has owned a home in Killington for over 30 years. Gross is a co-founder and managing director of Adage Capital Management, a Boston-based money management firm, and lives in Concord, MA.
Community development block grants to fund affordable housing, other projects
RUTLAND, Vt. — Elected and community leaders are addressing the housing crisis in Vermont Wednesday. Gov. Phil Scott announced a new round of community development block grants to fund affordable housing and other projects. He says the state needs about 6,800 units to bring the housing stock back to a healthy level.
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