Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
Donate your vehicle during the month of April or May and you'll be entered into a $500 Visa gift card drawing!
News from everywhere *but* Central New Hampshire.

State Officials, Hedge Fund Address Public Concerns Around Mount Sunapee Lease

Britta Greene / NHPR

About 100 people packed into the lodge at Mount Sunapee Ski Resort Tuesday night for an information session about Och-Ziff, the controversial hedge fund that's newly involved in the resort’s ownership.

The ski area at Mount Sunapee sits within the state park, but is privately run under a lease agreement with the state. Och-Ziff, which was recently involved in high-profile criminal proceedings surrounding foreign bribery charges, bought the leaseholder last year.

Because of the way the Sunapee deal was structured, the state wasn't formally notified of Och-Ziff's ownership for months.

Representatives with the hedge fund came up from New York for the meeting Tuesday night, joining state officials in responding to public concerns. But afterward, Executive Councilor Andru Volinsky said he had mixed feelings about the information presented. “I appreciate everyone coming and I appreciate some of the disclosures,” he said, but “some of it was couched in terms that lead me to believe everyone wasn’t totally forthcoming.” 

Och-Ziff's ownership is not likely to change, but Volinksy said he’d like to alter the lease to prevent a similar transfer from happening in the future. 

Related Content

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.