One
of Vermont’s oldest and most prestigious ski resorts could soon
be sold off by its financially troubled parent company. American
International Group has owned the Stowe Mountain Resort for years. And the
insurance company recently announced that everything but its core business is
for sale.
The
financial turmoil on Wall Street is reverberating across Vermont’s state retirement funds. State
Treasurer Jeb Spaulding says the market slump has caused a decline in the
investment portfolios overseen by his office. But
Spaulding says the downturn has not affected the benefits paid out to
retirees.
VPR’s
John Dillon reports.
