A Utah District Court ruled that Park City Mountain Resort officials failed to renew their historic lease for a majority of their ski terrain and the landowner is allowed to lease the ski area’s upper terrain to a new operator. The latest court drama between Park City Mountain Resorts, Utah and Vail, Colorado, is worrying the local Park City community about what will happen to the ski area for the 2014-2015 season. Both sides enter mediation in order to figure out a solution to this multiple year lease battle.
That means Vail Resorts won the rights to more than two-thirds of the land beneath Utah’s most popular ski area. And it means that Park City Mountain Resort owner Powdr Corp. will go down in history as captaining the ski industry’s most costly clerical error: a days-late filing to renew their decades-old, sweetheart lease could forever change their flagship ski area, which has seen Powdr invest more than $100 million.
Anxiety is high for businesses, residents, and taxpayers. The municipality has calculated that it would lose $4.1 million in taxes in the upcoming ski season if the resort were not to open, especially if PCMR follows through with their plans to dismantle all the lifts.
Powdr Corp and PCMR claim that the judge’s latest stay of eviction “will help ensure minimal disruption to the Park City community while the parties try to resolve the case and surrounding issues so that the 2014-2015 season will proceed business as usual.”