Vail Resorts

Resort Battle Aftermath
9:41 am
Sat September 13, 2014

Vail Stock Jumps With Sale

News of Vail Resorts ' purchase of Park City Mountain Resort was received positively by the public corporation's shareholders. Lynn Ware Peek has more.

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Resort Battle Over
2:15 pm
Thu September 11, 2014

Full Interview With Vail Mayor Andy Daly

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.

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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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Breaking
10:11 am
Thu September 11, 2014

SOLD!

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

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Resort Battle
3:12 pm
Fri August 29, 2014

Mediation Talks Continue Through Weekend

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.

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Resort Battle
5:35 pm
Thu August 28, 2014

Live Recording Of Resort Court Hearing On Bond Amount

KPCW was at the courthouse yesterday tweeting a blow-by-blow account on social media.

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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Resort Battle
4:23 pm
Wed August 27, 2014

No Ruling On Bond Amount This Week

Alan Sullivan, attorney for Park City Mountain Resort, gets mobbed by journalists after Judge Ryan Harris announced he would not give a ruling this week.

After three hours of oral arguments between the two sides in Park City's ski resort fight, Third District Court Judge Ryan Harris said he wasn't able to come up with a ruling today.

The judge said he will render a decision next week, Wednesday, September 3.

The judge was asked to set a bond amount that the Park City Mountain Resort would have to pay so it could putt off an eviction, and continue operations this winter on a 3,000-acre ski hill owned by Talisker Land Holdings.

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Resort Battle
5:50 pm
Tue August 26, 2014

Which Is Worth More: Land Or Access?

With a critically important hearing set for Wednesday in Park City's ski resort fight, both sides fired off one more volley at each other, via written agreements submitted last Friday.

Third District Judge Ryan Harris will be asked tomorrow to set a bond amount Park City Mountain Resort has to pay to fend off eviction and operate for the upcoming ski season.

The major dispute is setting a value for the 3,000 acres of ski mountain, owned by Talisker Land Holdings and leased in the past by PCMR. The argument has often center on whose property is dependent on who?

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Resort Battle
5:30 pm
Mon August 25, 2014

Both Resorts Want Further Mediation

The two disputing ski resort giants, Vail Resorts and Park City Mountain Resort, continue to mediate and have asked the court's permission to keep meeting through the rest of the week. KPCW's Leslie Thatcher has more.

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