Breaking news comes from Wednesday's ruling on the lawsuit between Park City Mountain Resort and its landlord, Talisker Land Holdings, LLC. According to the Park Record, 3rd District Court Judge Ryan Harris ruled in favor of Talisker because the resort missed a 2011 lease renewal deadline. As a result, Talisker is, according to a formal statement issued Wednesday, "eager to bring in Vail Resorts as a new tenant and operator of PCMR.
Curbed Ski was provided an official statement by John D. Cumming, CEO of Powdr Corp, which owns PCMR. "We respect the Court's decision but at the end of the day it doesn't change the fact that Vail and PCMR can and must resolve this dispute. For that to happen, both parties will need to sit down at the table, negotiate in good faith, and come to a rational agreement. We are committed to doing exactly that, which is why we have made repeated offers to buy or lease the disputed property for an amount far in excess of market value. But let me be clear: we will not walk away and allow a Vail takeover."
Where this will all end is anyone's guess, but Cumming stands firm on his position to hang onto PCMR. "To date, there has been no response to these offers….[Vail Resorts does] not own the adjacent lands and facilities that are essential for ski operations to take place. And they are not for sale."
Cummings' fear is that a Vail takeover will diminish the collective experience that the three Utah resorts- PCMR, Canyons, and Deer Valley- offer guests. In the same document, Alan L. Sullivan, PCMR's lead attorney, said, "While we are respectful of the Court, we believe there are significant factual disputes which require a trial and at the appropriate time we intend to appeal these rulings."
Until things are resolved, it's expected that PCMR will operate business as usual for the 2014-15 season. Stay tuned.
· All Talisker-PCMR Coverage [Curbed Ski Archives]
· Wait, What? Park City Just Bought Majority Interest of Snowbird [Curbed Ski Archives]
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