Park City bond ruling pushed to Friday
The question of the season in Park City won’t be answered until Friday.
Third District Judge Ryan Harris agreed Tuesday to a joint request by Park City Mountain Resort and Talisker/Vail Resorts to delay his decision until Friday on the amount of a bond PCMR will have to post to use the mountainside this winter while a lawsuit between the ski goliaths is appealed.
The judge had been scheduled to rule Wednesday.
Harris has been pondering the bond amount since a court hearing Thursday in which PCMR attorneys argued the amount should be $1 million to $6.6 million. Talisker Land Holdings and its partner, Vail, contend the figure should be closer to $124 million.
The bond will cover the rent payment owed by PCMR to Talisker for its 2,852 acres of ski terrain from May 1, 2011 — when its long-term, sweetheart lease expired without being renewed — and April 30, 2015, the end of the next ski season. Attorneys fees and damages also are part of the total.
Harris previously ruled that Talisker had the right to evict PCMR from the property because it failed to renew the lease. He has encouraged the two sides to work out an agreement to keep Park City Mountain Resort running this coming winter while its owner, Park City-based Powdr Corp., appeals the judge’s decision.