In 2008, a group headed by Bill Stenger purchased the resort. Stenger's plan was to invest $100 million in capital improvements for the resort over the next few years. The resort company raised $250 million for improvements in 2009–2010, from 250 investors from 43 companies through the incentive of the federal EB-5 visa. Under this visa, every $500,000 invested in the U.S. that results in ten new jobs gains the investor permanent residence. A three-way swap was made with the State of Vermont in 2010. The State deeded to the resort; the resort relinquished its lease to a parcel of nearby undeveloped forest back to the state; and the resort sold to the Green Mountain Club to ensure that the nearby of Long Trail would have a permanent buffer from ski-area development.