Vail Resorts

Even with assurances from Vail Resorts that their purchase of Park City Mountain Resort will be good for town, some locals aren't convinced that will be the case.  KPCW's Leslie Thatcher 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.

Although officially employees of Vail Resorts, as of Thursday, the staff at Park City Mountain Resort will make the transition with new company policies and email addresses over the next three months. Since it's going to be the same Vail executive who did the exact same thing a year ago, when Vail Resorts took over operations at Canyons Resort, he has a playbook to work with. Leslie Thatcher has more.

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

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.

  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.

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.

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.