Park City Mountain Resort

In a Tuesday morning announcement, Powdr Corp says it will pay the $17.5 million bond to keep Park City Mountain Resort open for this upcoming season. Lynn Ware Peek has more.

PCMR To Pay Bond

Sep 9, 2014

Bond Payment to Ensure PCMR Will Have Ski Season While Negotiations for Long-Term Resolution Continue

Submitted by Powdr Corp

PARK CITY, UT-- September 9, 2014 - Park City Mountain Resort (PCMR) announced today that it will pay the $17.5 million bond amount ordered by the Court to ensure the resort will open as planned this season, scheduled for November 22, 2014.

In a hearing Friday afternoon, Third District Court Judge Ryan Harris ruled Park City Mountain Resort has to post $17.5 million to keep operating this ski season, and to use the 3,000-acre ski mountain owned by Talisker.The judge ruled the bond has to be posted by the end of next week, on Friday, September 12. Rick Brough has more.

With a critically important court hearing in Park City's ski resort fight just hours away, Ski Utah President Nathan Rafferty is one of those who is well aware that winter is coming. Rick Brough has more.

Today is the day: After several continuations of a court hearing that will decide how much Park City Mountain Resort must pay to landlord Talisket Land Holdings in order to continue operating another season, the parties are scheduled to meet ion court today at 3 PM. Leslie Thatcher has more. 

If you're intently watching the Park City ski resort fight in court, you will have to bear the suspense a little longer. A hearing set for Wednesday, where a vitally important ruling from Third District Court Judge Ryan Harris was expected, has been postponed for two days - at the request of both parties. Rick Brough has more. 

City officials say they are more optimistic about a positive outcome in  the legal dispute between Park City Mountain Resort and its landlord Talisker than they've been in months. On the other hand, they're prepared to go to court to ensure the resort stays intact, with its base within Park City's limits, if necessary. Leslie Thatcher has more.

On the verge of the Labor Day weekend, both sides in Park City’s ski resort fight say they are continuing to mediate.

The mediation deadline has been extended twice , most recently till 5 p.m. on Friday.    John Lund , the counsel for Talisker and Vail, said in an e-mail this afternoon that the deadline has been extended to 10 a.m. on Sunday, and he added the parties are continuing to work together in good faith.

As we reported, as attorneys for Park City Mountain Resort and Talisker Land Holdings/Vail Resorts face off in court Wednesday, there was plenty of debate about land values, appraisals and profit margins and case law.

Also in the discussion, however, was one lawyer's point referred to his own landlord; another attorney emphasized location, location, location, and at times the judge interrogated the lawyers closely. Rick Brough has more.

Listen to the live recordings of the attorneys for Park City Mountain Resort and Judge Ryan Harris from Wednesday's hearing . Both sides were presenting their argument on what the bond amount should be for PCMR to open the ski resort this winter.

Part 1

Part 2

Part 3

Part 4

Part 5

Part 6

Judge Ryan Harris chose not to render a decision yesterday, instead choosing to meet again at 1 PM Wednesday, September 3.

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