Get breaking news alerts via email

Click here to manage your alerts
File photo (Lynn DeBruin, AP) Vail Resorts, Inc. enjoyed solid earnings in late winter and spring, despite the $2.4 million spent during the quarter on a successful-for-now lawsuit against Park City Mountain Resort.
Vail’s earnings rise despite $2.4 million spent in Park City fight
Earnings » Company said quarterly litigation bill in Park City case was $2.4 million.
First Published Jun 06 2014 12:31 pm • Last Updated Jun 06 2014 03:07 pm

Vail Resorts enjoyed a solid late winter and spring, even though it spent $2.4 million during the quarter on its for-now successful litigation with Park City Mountain Resort.

The Colorado company, which operates Canyons Resort, reported Thursday it had net earnings of $118 million in the quarter ending April 30, a 21 percent jump from the same period a year earlier.

Join the Discussion
Post a Comment

A late-arriving snowpack throughout the West, but particularly in California, where early-season precipitation was sorely lacking, resulted in 11.2 percent more skier visits during February, March and April than in the same three months of 2012. That produced lift-ticket revenues that were 17 percent ahead of the previous year’s pace.

The quarterly earnings report did not break out skier numbers or ticket revenue for Canyons Resort, but did note a $25 million increase in Vail’s operating expenses included the $2.4 million in legal fees plus $10 million in costs from integrating the Park City-area resort into its system, which includes four resorts in Colorado, three around Lake Tahoe and smaller, urban resorts in Michigan and Minnesota.

Those legal fees appear to be paying off. Last week, a 3rd District judge rejected most of Park City Mountain Resort’s motions in its lawsuit to retain most of its mountainside, which it rented from Canyons’ owner, Talisker Corp. Judge Ryan Harris ruled PCMR failed to renew its lease on time. A PCMR attorney said the company would appeal the decision.


Twitter: @sltribmikeg

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.