The redevelopment plans fizzled when the men behind them were charged in 2014 with massive fraud. A short walk around the corner is the waterfront with a city dock, boardwalk and large waterfront building used for events along the lake. Clothing boutique owner Thomas Perry agrees the city needs more and is a beautiful place with a prime waterfront. Real estate consultant David White, who has been working with the city, describes it as a wonderful community with "good bones" and an "interesting downtown." Jay Peak certainly is important, and so there are a lot of assets there," he said.

Source: ABC News May 20, 2018 13:03 UTC