Park City Mountain Resort (PCMR) announced today it’s going to pay up. Judge Ryan Harris imposed a $17.5 million bond amount last week if the resort planned to operate for 2014/15. Well, get ready folks. the scheduled season opener is November 22, 2014; maybe even sooner if all of the epic snowfall forecasts ring true.
“Our goal has always been to keep PCMR open for the upcoming 2014/15 season and beyond,” said Jenni Smith, President and General Manager of PCMR. “Paying the bond ordered by the judge will provide our employees, the Park City community and our many guests the certainty they’ve been waiting for about our upcoming ski season.”
Under Powdr’s 20+ years of ownership, PCMR has grown into a world-class resort that continuously ranks among the top five resorts in North America. “I am very happy that the resort will be open this year,” Smith continued. “While the most important outcome today is that PCMR will be open for business, the bond payment is only a short term solution for the 2014/15 season. As such, we will continue working with Vail toward a reasonable and fair long-term solution.”
Powdr is one of the largest, privately owned and operated, lifestyle and mountain sports companies in North America with a portfolio of nine mountain resorts, four Woodward facilities and Outside Television. Locals had no doubts that they would post the bond.