Jay Peak receiver reaches $1.5M settlement with PeakCM

A federal judge has approved a $1.5 million deal between the court-appointed receiver for the Jay Peak Resort projects and PeakCM, one of the contractors for a series of developments at the resort.
President and CEO of Williston-based PeakCM, Jerry Davis, originally sought $2.7 million in payment for work performed for a proposed biomedical facility in Newport. That project was swept up in a federal regulatory action, along with Burke Mountain and Jay Peak developments.RELATED STORIESUPDATED: Qu