Talisker Land Holdings

Sheriff's Sales have been scheduled, in both Summit and Wasatch counties, when Wells Fargo Bank will foreclose on the properties of ten companies related to Talisker and Canadian businessman Jack Bistricer. The sales are scheduled on separate dates, but within the month. More than 2100 acres of land will be put up for bid in both counties. Rick Brough has more.

The two-year lawsuit between Park City Mountain Resort, Vail Resorts and Talisker has been officially dismissed by the Third District Court.  KPCW's Leslie Thatcher has more.

  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.http://kpcw.org/player#stream/kpcw

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.

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.