TALISKER - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/TALISKER News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Vail buys Park City Mountain Resort for $182.5M http://www.sltrib.com/sltrib/news/58402188-78/resort-park-ski-pcmr.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58402188-78/resort-park-ski-pcmr.html.csp">Vail buys Park City Mountain Resort for $182.5M</a></h4> <span class="author vcard"><span class="fn">By Christopher Smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-09-12T08:09:10.485-06:00">Updated Sep 12, 2014 08:09AM MDT</span></h5> <div class ="entry-content">Vail Resorts Inc. has acquired Park City Mountain Resort (PCMR) from Utah-based Powdr Corp. for $182.5 million. The announcement Thursday came after three years of litigation between PCMR and its landlord, Talisker Land Holdings, Inc., that also leases nearby Canyons Resort to Vail. Powdr Corp. had operated PCMR for two decades but missed by several days a 20-year lease renewal deadline of April 30, 2011, on 2,852 acres of ski terrain. Fearing eviction, PCMR filed suit against Talisker later th...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58402188@www.sltrib.com Fri, 12 Sep 2014 08:09:10 MDT Park City Mountain Resort to pay $17.5 million to open this season http://www.sltrib.com/sltrib/news/58393711-78/pcmr-park-ski-resort.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58393711-78/pcmr-park-ski-resort.html.csp">Park City Mountain Resort to pay $17.5 million to open this season</a></h4> <span class="author vcard"><span class="fn">By Christopher Smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-09-11T08:02:26.584-06:00">Updated Sep 11, 2014 08:02AM MDT</span></h5> <div class ="entry-content">There were nothing but smiles Tuesday in western Summit County as Park City Mountain Resort (PCMR) announced it would post a $17.5 million bond to keep the resort operating through the upcoming ski season. The bond was set by 3rd District Judge Ryan Harris in the midst of a three-year legal dispute between PCMR and its landlord, Talisker Land Holdings Inc., which also leases the nearby Canyons Resort to Vail Resorts Inc. “Our goal has always been to keep PCMR open for the upcoming 2014-15 seaso...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58393711@www.sltrib.com Thu, 11 Sep 2014 08:02:26 MDT Judge sets $17.5M bond in Park City ski dispute http://www.sltrib.com/sltrib/news/58378483-78/pcmr-bond-park-talisker.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58378483-78/pcmr-bond-park-talisker.html.csp">Judge sets $17.5M bond in Park City ski dispute</a></h4> <span class="author vcard"><span class="fn">By christopher smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-09-09T12:48:49.96-06:00">Updated Sep 9, 2014 12:48PM MDT</span></h5> <div class ="entry-content">Park City • $17.5 million — That’s how much Park City Mountain Resort must post in a bond to continue operating through the coming season the ski resort at the heart of this tourist town. It was unclear immediately whether PCMR would accept the bond amount, set Friday by 3rd District Judge Ryan Harris. If PCMR does not post the $17.5 million bond, Talisker Land Holdings Inc. can begin evicting PCMR from2,852 acres of upper mountain ski terrain. That would mean no 2014-15 ski season at PCMR. It ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58378483@www.sltrib.com Tue, 09 Sep 2014 12:48:49 MDT Is deal close in Park City resort showdown with Talisker? http://www.sltrib.com/sltrib/politics/58352904-90/1.1-bond-com-lease.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/politics/58352904-90/1.1-bond-com-lease.csp">Is deal close in Park City resort showdown with Talisker?</a></h4> <span class="author vcard"><span class="fn">By Christopher Smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-08-29T22:20:00.74-06:00">Updated Aug 29, 2014 10:20PM MDT</span></h5> <div class ="entry-content">Park City Mountain Resort and Talisker Land Holdings Inc. late Friday afternoon extended mediation talks to Sunday at 10 a.m. The deadline had been set at 5 p.m. Friday. John Lund, an attorney representing Talisker, said he is “hopeful” a negotiated settlement can be reached in a land-lease dispute that has played out in court for three years. At issue is 2,852 acres of upper mountain ski terrain at PCMR. The resort operator, Powdr Corp., missed an April 30, 2011, lease-renewal deadline. When n...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58352904@www.sltrib.com Fri, 29 Aug 2014 22:20:00 MDT Judge’s ruling next week could be key to Park City ski season http://www.sltrib.com/sltrib/politics/58340046-90/pcmr-million-talisker-park.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/politics/58340046-90/pcmr-million-talisker-park.html.csp">Judge’s ruling next week could be key to Park City ski season</a></h4> <span class="author vcard"><span class="fn">By christopher smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-08-28T08:53:50.553-06:00">Updated Aug 28, 2014 08:53AM MDT</span></h5> <div class ="entry-content">Park City • There was no relief from anxiety Wednesday in Judge Ryan Harris’ 3rd District courtroom as he pondered the amount ofa bond that could keep Park City Mountain Resort operating through the fast-approaching ski season. Courtroom tension was palpable as the judge retired to consider how big the bond should be to cover rent from May 1, 2011, through April 30, 2015 — in addition to damages and legal fees. Attorneys for Park City Mountain Resort argued the amount should be $1 million to $...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58340046@www.sltrib.com Thu, 28 Aug 2014 08:53:50 MDT P.C. Mountain Resort and Talisker miss another deadline http://www.sltrib.com/sltrib/news/58334524-78/pcmr-resort-talisker-vail.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58334524-78/pcmr-resort-talisker-vail.html.csp">P.C. Mountain Resort and Talisker miss another deadline</a></h4> <span class="author vcard"><span class="fn">By Christopher smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-08-26T09:13:34.999-06:00">Updated Aug 26, 2014 09:13AM MDT</span></h5> <div class ="entry-content">Park City Mountain Resort and its landlord, Talisker Land Holdings, in conjunction with Vail Resorts Inc., announced Monday morning they have been unable to reach a lease agreement as of Sunday — the deadline for mediation negotiations. The parties jointly asked 3rd District Judge Ryan Harris to extend the talks through 5 p.m. Friday. In a statement issued Monday afternoon, Talisker/Vail said they “are completely committed to finding a resolution to this dispute that is in the best interests o...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58334524@www.sltrib.com Tue, 26 Aug 2014 09:13:34 MDT It’s nail-biting time for Park City and its ski resort http://www.sltrib.com/sltrib/news/58325464-78/pcmr-park-resort-talisker.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58325464-78/pcmr-park-resort-talisker.html.csp">It’s nail-biting time for Park City and its ski resort</a></h4> <span class="author vcard"><span class="fn">By Christopher Smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-08-26T11:16:12.331-06:00">Updated Aug 26, 2014 11:16AM MDT</span></h5> <div class ="entry-content">This week promises plenty of drama for Park City and the Utah ski industry as resort titans go to the mat again with the winter season at Park City Mountain Resort(PCMR) fast approaching and still in doubt. Two important deadlines could determine whether PCMR cranks up its lifts for the ski season. The legal dispute between the resort and its landlord, Talisker Land Holdings, casts a shadow over most of Park City and western Summit County, where the economy is based on tourism. And neither side...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58325464@www.sltrib.com Tue, 26 Aug 2014 11:16:12 MDT Op-ed: Park City impasse needs resolution before ski season http://www.sltrib.com/sltrib/opinion/58314437-82/talisker-pcmr-park-vail.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58314437-82/talisker-pcmr-park-vail.html.csp">Op-ed: Park City impasse needs resolution before ski season</a></h4> <span class="author vcard"><span class="fn">By Jack Gallivan Jr. and Mickey Gallivan</span></span> <h5><span class="updated" title="2014-08-24T13:20:13.705-06:00">Updated Aug 24, 2014 01:20PM MDT</span></h5> <div class ="entry-content">It is astounding that the Talisker/Vail vs. Park City Mountain Resort civil war has gotten this far without township vigilantes arriving at their door with torches burning, demanding an end to this threatened shutdown of PCMR’s upcoming ski season. What’s at stake: If PCMR generates 35 percent of the winter visitor overnights in Summit County, that’s 582,780 overnights. Times $378 average daily expenditure of overnight visitors. Times a conservative 5-times multiplier, which measures how tourism...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58314437@www.sltrib.com Sun, 24 Aug 2014 13:20:13 MDT PCMR and Vail maneuver as ski season hangs in the balance http://www.sltrib.com/sltrib/news/58309406-78/pcmr-vail-talisker-ski.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58309406-78/pcmr-vail-talisker-ski.html.csp">PCMR and Vail maneuver as ski season hangs in the balance</a></h4> <span class="author vcard"><span class="fn">By Christopher Smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-08-19T10:39:31.281-06:00">Updated Aug 19, 2014 10:39AM MDT</span></h5> <div class ="entry-content">Third District Judge Ryan Harris will soon have to answer this question: What’s the fair market rental value for 2,852 acres of ski terrain at Park City Mountain Resort? Monday, PCMR and Talisker/Vail looked to be worlds apart in negotiating a non-refundable bond that would allow PCMR to operate the ski resort until litigation is exhausted. According to court filings filed Friday by PCMR, fair market lease rate is somewhere between $226,650 and $1 million per year. With rent and attorney fees a...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58309406@www.sltrib.com Tue, 19 Aug 2014 10:39:31 MDT Park City Mountain Resort, Talisker miss land-fight deadline http://www.sltrib.com/sltrib/news/58300579-78/pcmr-resort-talisker-deadline.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58300579-78/pcmr-resort-talisker-deadline.html.csp">Park City Mountain Resort, Talisker miss land-fight deadline</a></h4> <span class="author vcard"><span class="fn">By Christopher smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-08-15T21:48:11.168-06:00">Updated Aug 15, 2014 09:48PM MDT</span></h5> <div class ="entry-content">No news is not necessarily good news as Park City Mountain Resort and Talisker Corp. announced Friday they could not reach an agreement to end a land-lease dispute by a court-ordered deadline. But an announcement by attorneys for the companies wasn’t all bad. They informed 3rd District Judge Ryan Harris they would like to continue mediation negotiations until Aug. 24. For decades, Talisker had leased 2,800 acres of ski terrain to PCMR. But the entities landed in court after PCMR failed to meet a...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58300579@www.sltrib.com Fri, 15 Aug 2014 21:48:11 MDT Letter: Grow up and settle, ski resorts http://www.sltrib.com/sltrib/opinion/58251726-82/park-settle-due-grow.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58251726-82/park-settle-due-grow.html.csp">Letter: Grow up and settle, ski resorts</a></h4> <h5><span class="updated" title="2014-08-01T17:24:02.281-06:00">Updated Aug 1, 2014 05:24PM MDT</span></h5> <div class ="entry-content">OK, enough with the 4-year-old antics, the “she said/he said,” and the “we will hold you hostage since we own the parking lot.” It is far past the time that Park City Mountain Resort and Talisker come to a least an interim agreement with an eye toward a final and lasting solution. Certainly each corporate entity has their points and reasons for the standoff. And I am absolutely certain I am not privy to all the minute details that cause/caused this. However, there are bigger things in play for a...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58251726@www.sltrib.com Fri, 01 Aug 2014 17:24:02 MDT Park City mayor to ski resort litigants: Get it together http://www.sltrib.com/sltrib/news/58241656-78/ski-resort-pcmr-talisker.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58241656-78/ski-resort-pcmr-talisker.html.csp">Park City mayor to ski resort litigants: Get it together</a></h4> <span class="author vcard"><span class="fn">By Christopher Smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-31T10:42:40.883-06:00">Updated Jul 31, 2014 10:42AM MDT</span></h5> <div class ="entry-content">Park City Mayor Jack Thomas — along with most residents of Utah’s premier ski town — is losing patience with the land-lease dispute between Talisker Corp. and Park City Mountain Resort (PCMR) that threatens to shutter the ski resort for the upcoming ski season and cripple the local economy. In a public statement, the mayor scolded both sides for not reaching an agreement that would keep PCMR open for the 2014-15 ski season and the foreseeable future. Thomas’ statement comes on the heels of an an...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58241656@www.sltrib.com Thu, 31 Jul 2014 10:42:40 MDT Editorial: Owners must keep Park City Resort operating http://www.sltrib.com/sltrib/opinion/58237673-82/pcmr-park-powdr-ski.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58237673-82/pcmr-park-powdr-ski.html.csp">Editorial: Owners must keep Park City Resort operating</a></h4> <h5><span class="updated" title="2014-07-30T17:32:39.147-06:00">Updated Jul 30, 2014 05:32PM MDT</span></h5> <div class ="entry-content">The ski industry titans facing off over Park City Mountain Resort may be headed to a truce that would allow the resort to open for the season, and that is a necessity for Park City and the rest of the state. The idea is to allow the owner of PCMR to post a bond to cover costs incurred by Talisker Corp., which is PCMR’s landlord for 2,800 acres of its ski terrain.  This situation was created after PCMR’s owner, Powdr Corp., made one of the most monumental blunders in Utah business history, faili...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58237673@www.sltrib.com Wed, 30 Jul 2014 17:32:39 MDT Will Park City Mountain Resort have a ski season? — Maybe http://www.sltrib.com/sltrib/news/58233221-78/park-ski-talisker-pcmr.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58233221-78/park-ski-talisker-pcmr.html.csp">Will Park City Mountain Resort have a ski season? — Maybe</a></h4> <span class="author vcard"><span class="fn">By Christopher Smart</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-29T14:43:12.796-06:00">Updated Jul 29, 2014 02:43PM MDT</span></h5> <div class ="entry-content">It’s less than a sure thing, but there is a glimmer of hope for a 2014-15 ski season at Park City Mountain Resort. Talisker Corp., which owns the ski terrain at PCMR and the neighboring Canyons Resort, stated in papers filed in 3rd District Court it would not oppose PCMR’s motion to stay an eviction from the land on one condition: PCMR posts a bond that will most likely be in the millions of dollars. The move, according to Talisker, is aimed at relieving anxiety among Park City denizens and busi...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58233221@www.sltrib.com Tue, 29 Jul 2014 14:43:12 MDT