PCMR Operations Safe for the 2013-14 Season

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30 August 2013

Push to The Latest: No

SAM Magazine—Park City, Utah, Aug. 30, 2013—Following news of the eviction notice that Talisker Land Holdings delivered to Park City Mountain Resort (PCMR) earlier this week, Vail Resorts (VR) has said in a prepared statement that VR, which in handling lease negotiations in Talisker's stead, will not interfere with PCMR's operations this season. The statement also predicts a lengthy series of legal actions before the lease dispute between PCMR, Talisker, and VR is resolved.

"As we have previously stated, under the terms of our agreement with Talisker in connection with our lease of the Canyons, we have assumed oversight of the litigation between Talisker Land Holdings LLC and Park City Mountain Resort. We have an obligation to protect and preserve Talisker's and our interest in this matter. We are concerned with the behavior that Park City Mountain Resort has demonstrated in this situation. Talisker issued Park City Mountain Resort the Notice to Quit as a necessary legal step to bring this issue to the Court and we anticipate that there will be a number of actions required to bring this dispute to closure. With that said, there is no intent by Talisker to take any action that would prevent PCMR's ability to operate their resort during the upcoming 2013-2014 ski season. We are very cognizant of the importance of this situation to the entire Park City community and we look forward to bringing this situation and its uncertainty to a conclusion," said Kelly Ladyga, vice president of corporate communications for Vail Resorts.

PCMR's old lease with Talisker was for $155,000 a year, an amount that was set in the 1960s. For its part, Talisker pays Wolf Mountain LLC roughly $3 million for Canyons' terrain.