Given the great state of flux that Jay is currently in, this a difficult review to pen.
As a serious skier, Jay Peak's (JP) major advantage is also it's major disadvantage as a business, that being location.
It is the farthest north of the major Vermont ski areas, a full 2 hours or more in drive time past a plethora of places like Killington or Mt. Snow for the millions of inhabitants of metro New York/New Jersey and substantially further from Boston as well. But that substantial increase in "driver commitment" typically comes with the advantage of decreased crowds for those willing to push on the extra miles (though major holidays are still fairly packed).
Those willing to go the extra miles are awarded with some great terrain. But I'm going to start with the woods, because that is where JP really shines, as IMO, Jay has some of the best glades skiing I've seen in the east. The tree skiing at Jay is often paradisiacal. And did somebody say snow? It is true that JP receives more snow than any other resort east of the Mississippi. I'm often amazed when other resorts report 3 or 4 inches of new snow, and Jay somehow gobbles up 8 or 9 inches of the fluffy stuff. In fact, Jay gets more snow than even some of the larger western resorts, closing in on an average of almost 400 inches per year. For the dorks in the crowd, this is due to something called "orographic lift", which I wont bore you with explaining, but the plentiful snow is a major contributing factor to Jay's awesome glades.
The on-piste network at Jay is a bit less inspiring, but solid. There's something for everyone at Jay, from easy greens to harrowing diamonds, a decent mix is found. The negatives are that JP can get brutally cold (there's a reason The Flyer Express quad is known as "The Freezer"), and worse, they are subject to wind holds more than any resort I know. While not a great concern for locals, it is something to consider for the 7-day vacationer if you're unlucky enough to have 2 or 3 days affected by high winds.
And JP has spent $200 MILLION recently in capital improvements, a giant resort hotel, modern facilities/restaurants, lift improvements, a regulation size skating rink, a beautiful golf course, a new XC center, a giant water park with surfing, the list goes on and on ($200M buys a lot of stuff). Not to bring politics into this, but this massive expansion was funded with up to $250 Million dollars from the government's EB-5 program, which allows rich foreigners to "skip the line" and purchase a permanent USA residence VISA for $500,000. That seems pretty un-American to me, and in the immortal words of Forest Gump, that's all I'm gonna' say bout' that.
In terms of spending, I know JP wants to become a 4-season destination and step it up to be like the "big boys" etc..., but the fact remains Jay is in the middle of nowhere. Stated previously, from the serious skier's standpoint that's ironically one of the best things Jay has going for it, but from a business standpoint, it seems risky spending all this money (though it's not Jay's money), and I'm not sure JP's new business model is sustainable, as despite the Field of Dreams mantra of, "If you build it they will come", that is not always reality in business. Location, location, location as they say, and I just dont know that there is a market for a high volume mega-resort in the far reaches of hard-to-get-to Northern Vermont. You need to have people on site to spend money, and JP is simply too inconvenient for many to get to. It has always been a crux, and I dont see how any of this changes that. But I do wish them well, and who knows, hopefully 20 years from now the first player from Derby or Newport will be drafted into the NHL. I'm just not sure that their long-used and omnipresent marketing slogan of "Raise em' Jay" applies anymore, as $200M in modern amenities doesn't quite mesh with "New England quaint and cozy". But at least it spawned the greatest ski resort commercial in television history* (link below).
THE STATS THAT MATTER
Summit Elevation: 3,968 feet
Vertical Drop: 2,153 feet
Skiable Area: 385 acres
Longest Run: 15,5840 feet
Annual Snowfall: 379 inches
Snowmaking: 80%
Uphill Capacity: 12,175 per hour
* http://www.youtube.com/watch?v=t1nwOUP2WP8&feature=related read more