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Vail Resorts CEO Rob Katz: Park City Mountain not for sale

Park City billionaire resident Matthew Prince recently approached Vail about acquiring the mountain.

In this Tuesday, March 24, 2020, photo it is mostly deserted after the Vail Ski Resort closed for the season amid the COVID-19 pandemic, in Vail, Colo. Ski resorts across the West that were shut down amid coronavirus fears are grappling with an economic “body blow" at a time when they normally would be welcoming hoards of spring break revelers. (AP Photo/Michael Ciaglo)

Rob Katz took over as CEO in late May after serving as chair of Vail Resorts’ board of directors.

During the company’s earnings call Thursday, Katz was asked about selling Park City Mountain.

“That’s not something we’re looking at and we don’t think that that ultimately is in the right long-term interest of our company,” Katz said in response. “A resort like Park City, of course, is critical to our overall company and our network.”

Park City resident Matthew Prince, the billionaire CEO of cybersecurity firm Cloudflare, recently told KPCW he approached Vail about acquiring the mountain.

Katz also commented on the Park City ski patrol strike, which rattled operations during the holiday season.

Read the full story at kpcw.org.

This article is published through the Utah News Collaborative, a partnership of news organizations in Utah that aim to inform readers across the state.