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Fries Bought Out After Rescuing Bolton
By Craig Altschul
May 07, 2007
Reports out of Vermont are that veteran ski industry executive Bob Fries is leaving Bolton Valley after a five-year stint as President/CEO that steered the popular 42-year-old family ski area out of bankruptcy and brought in $3.3 million in investments.
His one-third ownership share was reportedly bought out Larry Williams and Doug Nedde, owners of Redstone Commercial Group, a Burlington-based development company.
Williams and Nedde are planning (what else?) a 24-unit condo building and a 24-unit slopeside duplex project.
Williams put the deal into perspective by telling the Burlington Free Press "It's more fun and interesting than some of our other projects."
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