Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Vail offers to buy Park City Resort’s base facilities
Legal fight » Powdr Corp. vows not to give in to a “takeover” by the Colorado company.
First Published Mar 25 2014 09:15 pm • Last Updated Mar 26 2014 10:04 am

Vail Resorts offered Tuesday to buy Park City Mountain Resort’s base facilities to resolve the mammoth legal battle between the adjacent Summit County ski areas.

The offer came in a letter Vail CEO Rob Katz sent to John Cumming, PCMR’s CEO, and also distributed to the news media, in response to Cumming’s use of the Park Record newspaper last week to accuse Vail of never making a serious proposal to settle the land-use lawsuit.

Join the Discussion
Post a Comment

So Katz did.

"Vail would be willing to purchase the base and parking facilities from PCMR," he said, referring to Powdr Corp.’s commercial and residential buildings and parking lots at the foot of the mountain.

No price was mentioned. But Katz dismissed Cumming’s printed assertions that Vail was looking for a "steal," contending the Denver-based company is willing to pay fair market value — a determination it was also willing to let a third-party appraiser to make.

"If you were willing to sell those assets, we are confident we can reach a fair price for both parties and ensure the continued smooth operation of the resort," Katz said.

If not, he added, get ready for a fight.

Bring it on, Cumming responded in a statement later Tuesday.

"PCMR is interested in exploring all possible solutions that will preserve the independence of PCMR," he said. "What we won’t agree to is a Vail takeover. Vail’s domination of the ski market in Summit County would be bad for our community, bad for our guests and bad for our employees."

Cumming added that "people should not be swayed by Rob’s attempt to try the merits of this case in the press," contending that several key legal issues will be decided after 3rd District Court hearings April 3 and April 8.


story continues below
story continues below

The lawsuit revolves around whether PowdrCorp. failed to make timely renewal of the long-term lease it had from Talisker Corp., which owns Canyons Resort as well as the 2,800 acres of mountainside that make up most of PCMR’s slopes.

Vail, which manages The Canyons and is handling the lawsuit on Talisker’s behalf, says PowdrCorp. missed the March 31, 2011, deadline, then later falsified documents to make it look like it complied in time. PowdrCorp. said its intentions to renew the lease were long understood and that Vail is trying to bully its way into domination of the Utah ski market.

Over the past week, as those key court dates approached and the pace of motion filing picked up, the combatants’ public acrimony did as well.

On March 14, Talisker/Vail filed a document that essentially served as the second eviction notice they were giving to PowdrCorp.

When the Park Record reported on the filing in its March 18 edition, the story contained a statement from Cumming saying, "instead of making threats concerning eviction, Vail should be talking with us about ways to resolve this dispute since, as we’ve said before, eviction of PCMR from the property will leave Vail with land that cannot possibly be used for any economic purpose.

"Without the base and parking facilities, which neither Vail nor Talisker owns, Vail cannot operate a ski resort," he added.

Not true, shot back Katz.

"There seems to be a concern in the community that if you lose your lease, you could use your base lands to block access to the ski mountain through portal," the Vail CEO wrote. "… We think it’s important to let folks know that’s not going to happen."

Katz maintained "there are numerous ways that this terrain can be potentially used for skiing, particularly since the land is immediately adjacent to Canyons and the two can be easily connected with a new chairlift."

Next Page >


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
Videos
Jobs
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.