JAY – Jay Peak Resort president Bill Stenger met with members of the media and local officials Friday as he described the progress that has been made with the Northeast Kingdom Economic Development Initiative (NEKEDI) over the last year and gave an update on future projects in the City of Newport.A year ago, Stenger and business partner Ariel Quiros announced the biggest venture of its kind in Vermont – a $500 million, multi-year project that encompassed several structures at Jay Peak, the state airport, Burke Mountain and two major projects in Newport, the Main Street Renaissance Block and the Marina Hotel and Conference Center. For more stories on the Northeast Kingdom Economic Development Initiative, read Monday's edition of The Newport Daily Express for Sept. 16, 2013.