Jay Break Resort broke ground yesterday in what will be the largest water park in the New England. The 60,000-square-foot park will have a retractable roof and a wave pool. The park is the last grand piece of a vision to develop a four-season resort available during any season. Jay Peak has already completed its ice arena to go along with its famous skiing and new golf course.
Senator Patrick Leahy spoke at the groundbreaking ceremony for the 275,000-square-foot Hotel Jay, which features 170 suites and the largest water park in New England. Leahy commended Bill Stenger, president and co-owner of Jay Peak Ski Resort, for employing Vermonters in the surrounding areas.
Stenger was able to commission the $125 million project through the federal EB-5 Foreign Investor Visa program, which Leahy helped bring to Vermont in 1997. The EB-5 program (STORY) allows foreigners who invest at least $500,000 in projects in high unemployment areas to obtain green cards for themselves and their families, as well as possible US citizenship.
The project has already created more than 800 temporary jobs in surrounding areas like Williston, Winooski, and Burlington. Stenger predicted many more permanent jobs to be created, up to 2,000, at the completion of the project in 2012.
Source: Vermont Business Magazine. Leahy’s office. 7.06.2010
Jay Peak breaks ground on $125 million water park
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on