Powdr Corp

Town Reacts
1:28 pm
Thu September 11, 2014

Reactions To Sale Are Mixed

  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.

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Resort Battle Over
1:17 pm
Thu September 11, 2014

Vail Buys Park City Mountain Resort

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.

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Resort Battle
12:32 pm
Tue September 9, 2014

Powdr Corp Opens Wallet To Open 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.

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Local News
11:10 am
Fri June 20, 2014

Public Reacts to News of PCMR Eviction

Immediate public reaction in Park City to the news that clears the way for the Talisker eviction of PCMR from its ski terrain included the full range of emotions .  Lynn Ware Peek has more.

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Park City Mountain Resort
4:32 pm
Mon May 12, 2014

PCMR's Season Passes May Not Include Extra Snowbird Benefits

Even with today's announcement that the Cumming Family would be acquiring a majority of Snowbird, because it's a private deal - and not done through the family business, Powdr Corp - there's no news whether PCMR Season pass holders will enjoy any additional skiing benefits. KPCW's Leslie Thatcher has more.

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Resort Battle
4:28 pm
Thu April 17, 2014

Letter Shows Intent To Run PCMR If Vail Wins

The CEO of Vail Resorts, Rob Katz, has sent a letter to his counterpart, John Cumming, the head of Powdr Corp, saying that if - or when - Powdr loses the lease for more than 3,000 acres of its ski mountain, it's not realistic to insist that Park City Mountain Resort will continue to operate the ski area. KPCW's Leslie Thatcher has more.

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Resort Battle
10:28 am
Thu March 27, 2014

Vail Offers To Buy Out Park City Mountain

A couple of court hearings scheduled for early next month in the ongoing legal dispute between Park City Mountain Resort and Vail Resorts. This Tuesday, however, Vail Resorts CEO Rob Katz offered to buy Park City’s access to the ski mountain and property that Vail Resorts holds a lease to. But Park City says no way to a Vail takeover. KPCW’s Leslie Thatcher has more.

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