Park City Mountain Resort Will Open But Land Lease Dispute Continues
The good news is that Park City Mountain Resort (PCMR) will operate for the 2012-13 ski season. That cloud has lifted. But, the storm over the resort’s renewable land lease with Talisker Corp., owners of Canyons Resort, continues unresolved.
Talisker released a statement this week saying it would ensure PCMR would open for the upcoming ski season.
"Talisker confirmed today that it has provided Park City Mountain Resort with a written commitment not to close PCMR during the upcoming 2012-13 ski season. That binding commitment, at a rent that essentially assures PCMR a profit over this period, was delivered to PCMR in April, weeks prior to PCMR’s suggestion to the marketplace that it might not be open for the upcoming ski season," the statement read.
Lease negotiations broke down in March. PCMR then filed suit in 3rd District Court. PCMR officials said it would be forced by its competitor to cease operations if it didn’t get its lease renewed.
PCMR and its predecessor, Park City Ski Area, have leased terrain from United Park City Mines (now owned by Talisker) for 40 years. PCMR maintains in its suit that it was in lease-extension negotiations for another 40 years when talks broke down. Talisker maintains the lease had expired and a new lease must be negotiated.
Park City officials said in its counter statement Thursday that Talisker’s financial demands for a new lease are “completely unreasonable.
What It Means: We’ll take a temporary resolution over what would have been an economic catastrophe for a ski and snowboard mecca. Go ahead and plan your Park City vacation. How and when the dispute gets resolved, either between the parties or in the courts, is anybody’s guess. Can’t we all get along? Apparently not.
Photo: Park City Mountain Resort/Facebook