UPDATE, September 3 at 9:44 am: According to the Park Record, the bond hearing originally scheduled for September 3 has now been moved to September 5. We still have no word on if any resolution has been made during mediation between PCMR and Talisker.
For the third time in as many weeks, Park City Mountain Resort and Talisker Land Holdings, LLC have asked Judge Ryan Harris to extend their mediation discussions until Sunday morning at 10:00 am. Let's break down what this means, shall we?
Both sides were ordered into mediation in June in an attempt to work out a solution over their high-profile lease disagreement. We have no idea what is happening in the discussions as Utah state law prohibits the two sides from revealing any details. But locals in Park City and the general public at large certainly hope that the multiple extensions may mean a ski-season saving deal is in the works.
The third mediation extension comes on the heels of an important hearing last week that centered on how much bond PCMR would have to post to stay on the contested land as it appeals the case. As we expected, the two sides disagree by over $100 million, and now it's up to the Judge to determine the amount of the bond. Instead of ruling on the bond amount immediately, Judge Ryan Harris scheduled a new hearing for September 3.
Confused about what's going on? Head over here for the full run-down.
· PCMR v. Talisker: mediation extended until Sunday morning [Park Record]
· Judge Delays as PCMR & Talisker Disagree on Bond by $100 M [Curbed Ski]
· Could PCMR & Vail Resorts Be Close to Making a Deal? [Curbed Ski]
· PCMR Delays Woodward Park City Talks, Everyone Wonders What It Means For Lawsuit [Curbed Ski]
· PCMR Threatens Catastrophe, Outlines Lift Dismantling [Curbed Ski]
· All PCMR-Talisker Coverage [Curbed Ski]