PCMR Operations Safe for the 2013-14 Season

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Publish Date

08/30/2013

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.


Comments

What about 2014/5?

Any updates? Sounds very mirky atm.

How Could PCMR Miss the Deadline

All of this could have been avoided if PCMR had met its obligation to,give notice to renew the lease pretty incompetent not to.

Land Rent

Ski areas on federal land administered by the U. S. Forest Service Department of Agriculture, pay 3% of gross revenue from ticket sales, ski school lessons, food and beverage etc. PCMR probably has a gross revenue of between 30 and 60 million. Their rent should be somewhere between 1 and 2 million per year.

Premier ?

If PCMR is the premier snow sports complex in the afrea then they should have mainatined a better relationship with their landlord ? I think Deer Valley would much prefer the title of premier snow sports complex ? Talisker's approach is only that of a landlord with a bad tennant. Talisker has been kind enough to allow PCMR to operate since the lease expired in 2011. What Talisker paid for United Park City Mine is of no concern now, they certainly didn't make the purchase to insure that things would stay the same ?

land price

Did Talisker pay the former landowner a price based on the lease returning $155,000 a year for the next 50 years? So why is Talisker unhappy with getting a rent they bargained on getting for 50 years?

PCMR

VR & Talisker looks very bad to the community. VR has always been a bully and nothing has changed. The negotiation for a lease change seems reasonable but the approach being used does not. PCMR is the premier snow sports complex in the area and Talisker and VR approach proves that.

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