Things that were working -- a new golf course, rebuilt hotel, indoor/outdoor water park and ice rink, all at the base of Jay Peak. Also, both ski areas seemed to be surviving despite a tough winter.

Warning signs:
--investor complaints that they were misled about the nature of their investments, when equity shares were converted to unsecured loans (the state financial investigators eventually approved the change)
-- failure to obtain permits to convert the old Bogner ski-wear factory in Newport to a bio-chem facility operated by a Korean company
-- disputes between the new Q-Burke manager (Quiros' son) and locals, including a ski-oriented private high school and a mountain-biking club with whom Burke has worked for years
-- A business block in Newport that was torn down to its cellar holes over a year ago, with promises of retail, hotel, and office space to follow -
https://c.o0bg.com/rf/image_960w/Bos...vermont11A.jpg
http://www.sevendaysvt.com/vermont/s...nt?oid=2791076
-- The failure to make the final payments to the construction contractor for the new Q-Burke hotel