A keystone in the redevelopment plan for the city of Newport has toppled. Jay Peak Resort owner Bill Stenger was counting on buying a shopping center from real estate developer Tony Pomerleau, and converting it into a convention center and marina.
But after some starts and stops, the deal has finally fallen through.
Bill Stenger and Tony Pomerleau have had an on-again, off-again agreement to transfer ownership of this waterfront plaza. Strategically located on a causeway overlooking Lake Memphremagog, Stenger says it would make a great convention center and marina.