Park City Reacts To Vail Takeover

One day after the biggest news in Park City history hit the web, the initial shock is still blistering through this small Utah mining town. Parkites and ski enthusiasts are now asking more questions than there are answers for. In other words, what will Vail Resorts’ ownership mean for the community of Park City? Powdr … Continue reading →

Vail Resorts Takes Over PCMR

The big news coming out of little Park City today was the $182.5 million purchase of Park City Mountain Resort by Vail Resorts. Maybe not since the silver bust or at least the 2002 Winter Olympics has Park City, Utah, experienced such national attention. So where do I start? You’ve all heard the news by … Continue reading →

PARK CITY MOUNTAIN RESORT TO PAY BOND; LET THE SKI SEASON BEGIN!

    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 … Continue reading →

Happy Endings in Park City Unlikely

I’ve been holding out hoping that this whole situation would work itself out; like kids on a playground finally figuring out they’ll have more fun if they stop arguing and get along. Then I would only get to write about the happy ending. I still might get to write about the happy ending but it … Continue reading →

Park City Residents Weigh In- Vailisker v PCMR

Vail Resorts is telling Park City what they want to hear. In the wake of the eviction notice Talisker Land Holdings slapped on Park City Mountain Resort last week, Vail Resorts said in a prepared statement that they will not interfere with PCMR’s operations this season. Kelly Ladyga, the vice president of corporate communications, has … Continue reading →

Talisker Slides Aside

If the lease of Canyons Resort to Vail Associates knocked people off their feet, the news this week that Talisker Corporation (Vail’s landlord) is pulling out of Canyons altogether is sending them into the next hemisphere. Flera LLC, a subsidiary of one of Talisker’s major underwriters (the investment-management firm Värde Partners Inc.) has brought in Alvarez & Marsal … Continue reading →