East Burke, Vermont — After an interested party made a lot of noise this week about its intention of buying Burke Mountain, the federal receiver of the ski resort has thrown some shade their way.
On Wednesday, federal receiver Michael Goldberg issued a public statement regarding Burke Mountain’s future. He criticized the Firestone Group (which is going by the name Green Mountain Ski Partners, LLC) for a prior negotiation period in 2023-24, during which they tried to renegotiate the terms of the deal at the last minute. In addition, Goldberg referenced that he’s finalizing a contract with a new buyer, who’s planning to put millions into improvements at the ski resort.
You can read Goldberg’s full statement below.
Receiver’s Statement on the Status of the Sale of the Burke Mountain Hotel and Conference Center
FORT LAUDERDALE, Florida—March 5, 2025—I understand from his numerous statements to the press that Todd Firestone and his proxies want to buy the Burke Mountain Hotel and Conference Center for $10 million. To set the record straight, I directly dealt with the Firestone Group for nine months in 2023-24 and at the last minute they attempted in bad faith to renegotiate a lower price after we had already reached agreement on terms and spent thousands of dollars finalizing a contract.I am now finalizing a contract with a much more credible and financially capable buyer without any contingencies and at a higher price. In my opinion, this buyer will also be much better for the community as it is committing to invest many millions of dollars into snowmaking and other improvements that will greatly improve the skiing experience at Burke and will directly benefit the homeowners, business owners and others who rely on the success of Burke Mountain. I have remained mostly silent to date because I don’t want to engage with the Firestone Group in a public war of words. If I am able to consummate a deal with the new buyer I know it will be better for the investors I represent in the form of a higher price and the Burke community as a whole as the new buyer has deep roots in the community and will insure that Burke Mountain will have the stable future it deserves. Please bear with me as I attempt to finalize this matter.
Thank you,
/s/ Michael I. Goldberg, Receiver
Burke Mountain Hotel and Conference Center
Image Credits: Burke Mountain Resort
