KT and Victory:
When a major land owner threw a hissy fit and cut KT in half a few years back, the question arose as to whether KT should be subject to Act 250 review. As a result of that kerfuffle, the Act 250 bureaucrats apparently felt that they had been caught with their pants down, which is why they decided to go after Victory and shut them down for a period.
I seriously doubt that Victory manages to make significant money on their system. The trails were built by a competent and experienced local with permission and were quietly in use for a while before the bureaucrats descended. I wish them the best of luck.