Mount Snow gets $52M to help with snowmaking, lodge

Crews at Mt. Snow, in Dover, Vt., use snow guns on Monday, Nov. 21, 2016 as they plan to open mid-week.
Crews at Mount Snow used snow guns to make snow on Nov. 21. –Kristopher Radder/Brattleboro Reformer via AP

WEST DOVER, Vt. (AP) — Vermont’s Mount Snow ski resort is finally getting $52 million to help pay for its snowmaking system.

The West Dover resort had been waiting on the money, to be disbursed through the federal EB-5 funding program that offers permanent residency to foreign investors.

The company says U.S. Citizenship and Immigration Services approved the first investor petition, which triggered the funds to be released.

The resort is using the money to expand its snowmaking and replace an aging base lodge with a three-story, 36,000 square-foot building. It represents nearly 80 percent of a planned $66 million investment.