A Third District Court judge has official signed a decree allowing Wells Fargo Bank to foreclose on ten Talisker related properties. The decree will allow the bank to move forward on a Sheriff's Sale of more than 2100 acres in Summit and Wasatch counties. Rick Brough has more.

Wells Fargo Bank, which has sued nearly a dozen companies affiliated with Talisker, is asking Third District Court to schedule a hearing as soon as possible, to appoint a receiver who will take over the Tuhaye Golf Development and other collateral pledged by the defendants.  The bank has nominated a California real-estate consultant to carry out a foreclosure of the properties, since the defendants have allegedly defaulted on a debt of nearly $164 million.

Wells Fargo Bank has filed suit to foreclose on nearly a dozen companies affiliated with Talisker and the Tuhaye golf development in Summit and Wasatch counties, alleging that the defendants have defaulted on a debt of nearly $164 million.  The lawsuit filed in Third District Court asks that a Receiver be placed in charge of the Tuhaye property (and other collateral pledged by the defendants) and that a sheriff's sale be conducted in both counties.  KPCW's Rick Brough has more.

On Friday, both sides in Park City's ski resort fight filed their legal arguments, concerning how much of a financial bond the Park City Mountain Resort has to post to avoid being evicted from its ski hill this winter by the landlord, Talisker. 

Both sides electronically filed documents with the court, but questions are still remaining. 

Talisker, in its 37-page filing, blacked out much of the financial data, including the final amount of the bond it's asking. They did say the Mountain Resort should pay within five business days of a judge's order. 

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.

While Vail may have prevailed over Park City Mountain Resort in a judge's ruling, it doesn't win as the entity that has the community in mind - according to one local business leader. Lynn Ware Peek has more.

Third District Court Judge Ryan Harris covered a lot of topics in his 80+ page opinion last week, but a principal finding is that Park City Mountain Resort mistakenly let the lease expire on over 3,000 acres of their ski mountain.
How did it happen? The judge's ruling says the answer is still elusive. Rick Brough has more.

Despite the ongoing lease dispute between PCMR and Vail/Talisker, city leaders say plans for a parking structure, enhanced transit, and greater connection between the resort and Lower Park Avenue area will move forward. Lynn Ware Peek has more.

In a recent court filing, Park City Mountain Resort says that if it were evicted off the ski mountain by its landlord, Talisker Land Holdings, the Resort will dismantle the ski lifts on the hill. Attorneys for Talisker are saying the Resort is not entitled to do that - while the two sides have been debating other issues in court over the past week. Rick Brough has more.

Opposing attorneys for the Park City Mountain Resort and for Talisker returned to Third District Court Thursday and argued two major issues over the Resort's lease of its ski mountain. Judge Ryan Harris didn't hand down a decision, saying he will have rulings at an unspecified time.
However, reporters did hear briefly outside the courtroom from Jon Cumming, the CEO of Powdr Corp, parent company of the Mountain Resort. Rick Brough has more.