227 replies to this topic

[RibStaThiok]

personally I am rooting for Powdr.

[boardski]

I have a question which comes to mind about this arrangement about Canyons vs PCMR and who owns or rents from whom (feel free to set me straight on any historical inaccuracies), If I recall, PCMR began in 1962 and Canyons was derived from the original Park West ski area which started in 1968. (I skied there in 1990 while it was still Park West- loved the terrain off the Slaughterhose chair)- How does the newer ski area end up owning the land of the older ski area and the older ski area has to pay them rent? Why would someone "sell out" to Park West / Canyons/ Wolf Mountain? Did PCMR go through a time when money was very tight? This is the main thing which has been confusing to me. I welcome any clarification from someone who is familiar with Utah ski history.

[SkiBachelor]

I remember hearing that PCMR had the opportunity to buy the land it operated on a few years back but it neglected, possibly to focus on either growing its empire or reducing its debt. A lot of business are focusing solely on operations and have a third party responsible for managing the assets (land, lifts, buildings, etc.) I'm not in favor of this model and I guess this is the first real outcome of a situation somewhat like this.

[CH3skier]

 boardski, on 27 May 2014 - 08:31 PM, said:

I have a question which comes to mind about this arrangement about Canyons vs PCMR and who owns or rents from whom (feel free to set me straight on any historical inaccuracies), If I recall, PCMR began in 1962 and Canyons was derived from the original Park West ski area which started in 1968. (I skied there in 1990 while it was still Park West- loved the terrain off the Slaughterhose chair)- How does the newer ski area end up owning the land of the older ski area and the older ski area has to pay them rent? Why would someone "sell out" to Park West / Canyons/ Wolf Mountain? Did PCMR go through a time when money was very tight? This is the main thing which has been confusing to me. I welcome any clarification from someone who is familiar with Utah ski history.

The land that PCMR leases used to be owned by United Park City mines until Talisker bought them out and it wasn't that long ago. The lease that PCMR had the land was still valid with the sale. PCMR forgot to send the lease payment of $150,000. I think it was a 20 year lease, which was a bargin for PCMR.

[floridaskier]

Article that talks about some of the financial terms behind this mess. Vail has spent $3mm on litigation so far, and has set aside another $7.5mm, so they ain't done yet
http://www.denverpos...mountain-resort


Does Talisker also own the land that the western half of Deer Valley is on? (Flagstaff, Empire, and Lady Morgan)? Thought I remembered that DV owned Bald Eagle and Bald Mountains, probably the Deer Crest HOA owns Little Baldy, and UPCM had owned the rest.

[hoodoo]

 RibStaThiok, on 27 May 2014 - 10:31 AM, said:

personally I am rooting for Powdr.

apparently you have never been an employee of a Powdr Resort.

[RibStaThiok]

Nope I have not. I just don't like some company comming into another companies territory and crapping in their sandbox.

[2milehi]

They are not crapping, Vail is taking over Park City.

[SkiBachelor]

Powdr did the same thing when it took over Mt. Bachelor.

[floridaskier]

Article about how Wall Street is dreaming about a big combined Vail-sized resort in Park City

http://www.parkrecor...r-vail-mountain

[SkiDaBird]

The whole anti-Semite argument going on in the comments of the above article is ridiculous. I dislike Talisker because they don't respect SLC locals and have tried to use political pressure to release lands for projects that they weren't honest about. I don't think PCMR has much chance here but that doesn't mean I have to claim Talisker are perfect.

This post has been edited by SkiDaBird: 05 June 2014 - 03:37 PM

[LuvPow]

 SkiDaBird, on 05 June 2014 - 03:36 PM, said:

The whole anti-Semite argument going on in the comments of the above article is ridiculous. I dislike Talisker because they don't respect SLC locals and have tried to use political pressure to release lands for projects that they weren't honest about. I don't think PCMR has much chance here but that doesn't mean I have to claim Talisker are perfect.

I am sure that no business/ski resort is perfect... everyone has their own way of looking at this issue for sure. I have worked for many ski areas, so I usually rate them based on the way they treat their employees and the resort itself. In my experience Vail Resorts has been hands down much better to work for then Powdr Corp, in fact they are not even comparable.. in my humble opinion. If there is such a thing as karma, I think Powdr may be getting a dose of it now.
Two cents deposited

[SkiDaBird]

 LuvPow, on 06 June 2014 - 02:15 PM, said:

I am sure that no business/ski resort is perfect... everyone has their own way of looking at this issue for sure. I have worked for many ski areas, so I usually rate them based on the way they treat their employees and the resort itself. In my experience Vail Resorts has been hands down much better to work for then Powdr Corp, in fact they are not even comparable.. in my humble opinion. If there is such a thing as karma, I think Powdr may be getting a dose of it now.
Two cents deposited

I don't have anything against Vail. If they end up in control of PCMR, that is probably a good thing for skiing in Utah. Talisker just didn't make any effort to appeal to SLC locals and since I'm in that group, I dislike them for it.

[RibStaThiok]

Utah Skiing is just fine without Vail being involved.

[2milehi]

Reality is that Vail is involved.

[RibStaThiok]

Well tell them to STUFF IT!

[2milehi]

390 Interlocken Crescent
Broomfield, CO 80021
303-404-1800

Knock yourself out pal

[CH3skier]

Park City Mountain Resort on Thursday requested a 3rd District Court judge postpone signing any eviction order against the resort should he grant a motion by Talisker Land Holdings, LLC seeking to remove PCMR from most of the terrain underlying the resort.

Judge Ryan Harris has already ruled in favor of the landowner in the critical parts of the case, which centers on PCMR's lease of Talisker Land Holdings, LLC acreage. Harris earlier ruled the lease expired in 2011 and he has issued a series of other rulings in favor of the Talisker Land Holdings, LLC side. The PCMR side has indicated it would appeal.

PCMR's filing on Thursday says the resort wants the judge to use a "measured and sensible approach" to the rest of the case. The filing seeks:

• the postponement of the signing of an eviction order until Talisker Land Holdings, LLC's claims for rent and damages against the PCMR side are decided
  
• the postponement of a hearing about the manner of the enforcement of an eviction order until an appeal is finished
  
• a stay in the execution of an eviction order if the judge signs one

Talisker Land Holdings, LLC has said it would require PCMR to leave the disputed terrain within 60 days if the judge signs the eviction order, known legally as an order of restitution.

[snoloco]

They should just start removing lifts while they still legally can. They can either improve their other resorts, or make some money by selling them off.

[Peter Pitcher]

You can't make any money selling off your lifts, they cost too much to take down. Powdr and Vail need to sit down and talk and stop wasting their money on U no who.