Breaking News-Vail Resorts Acquire Park City Mountain Resort!

2014-09-13

 

Vail Resorts, owners of Canyons Resort in Park City, Utah acquire Park City Mountain Resort on September 11, 2014!  Just a few days back big news hits the ski town of Park City like a tidal wave….  The announcement this past Thursday came after three years of litigation between Park City Mountain Resort and its landlord, Talisker Land Holdings, Inc., that also leases nearby Canyons Resort to Vail.  Powder Corporation 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 that year.  Here’s the whole story from the Salt Lake Tribune.


http://www.sltrib.com/sltrib/news/58402188-78/resort-vail-pcmr-corp.html.csp

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