Park City Mountain Resort

SKI Magazine is out with the new 2015 Best Ski Resort rankings, and Deer Valley has once again kept its position in the Top 3. Leslie Thatcher has more.

Due to a large number of requests, KPCW posts (in its entirety) Vail's  Mountain Division President, Blaise Carrig's, September 18th address  before Park City Mayor and City Council and an overflowing room of residents.  Approximately 20 minutes... you will not be bored!  Carrig gives an overview of Vail's strategy and priorities in Park City - assuring the public that VR has no intention of making Park City the "company town"  that many fear. 

The Park City Council is scheduled to meet with Vail Resorts president Blaise Carrig today.  One of the topics is to get an update on how sales tax revenues will be distributed across the city, the county and two states.  KPCW's Leslie Thatcher has more.

Although officially employees of Vail Resorts, as of Thursday, the staff at Park City Mountain Resort will make the transition with new company policies and email addresses over the next three months. Since it's going to be the same Vail executive who did the exact same thing a year ago, when Vail Resorts took over operations at Canyons Resort, he has a playbook to work with. Leslie Thatcher has more.

Leslie Thatcher asks the Mayor of the town of Vail - and former President of Vail Resorts - if Vail Resorts will be the new 500 lb gorilla in town, now that Vail Resorts has purchased Park City Mountain Resort.

  As the town reacts to this morning’s news of Vail’s $182.5 million cash purchase of Park City Mountain Resort, reactions are varied.  Lynn Ware Peek has more.

After a 20-year run operating Park City Mountain Resort, the resort's owner Powdr Corp. sold its flagship ski area for $182.5 million to Vail Resorts today. Leslie Thatcher has more.

While it’s something he never hoped to do, John Cumming the CEO of Powdr Corp. emailed the sale announcement just five minutes before the news of the acquisition came from Vail Resorts headquarters.

Now, instead of paying out $17.5 million required by the bond that set by the judge in order to operate this winter, Powdr Corp. will have nine times that amount in its bank account.


Sep 11, 2014

Powdr Corp. has sold it's flagship resort, Park City Mountain Resort to Vail Resorts, effectively immediately. This includes the base area, the parking lots, lower ski terrain, chairlifts as well as the water and snowmaking for the entire mountain. A purchase price wasn't reported.The agreement stipulates that Vail must retain PCMR employees in their current roles.

More details at today's Local News at Noon, starting at 12:06 PM on 91.9 & 88.1 FM and streaming live here.

The Corner Store

Tuesday's announcement that Park City Mountain Resort would post the multi-million dollar bond to operate the resort this upcoming winter came as good news to pass holders and the local business owners at the base of Park City Mountain Resort. Leslie Thatcher has more.

The news that there will be a ski season at Park City Mountain Resort - that the resort will post a $17.5 million bond to keep operating this winter - was welcomed by Park City Municipal and the Park City Chamber Bureau. And it was commended by Talisker, the landlord for the resort's ski hill. Rick Brough has more.