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The latest chapter in a story that’s just seemed way to absurd to be real, it appears that Vail Resorts hostile takeover of Park City may just be happening. According to an article in the Salt Lake Tribune:
A 3rd District judge ruled Wednesday the resort missed a 2011 deadline for renewing its lease on more than 2,800 acres of mountainside from Talisker Corp., which said afterward it “looks forward to bringing in Vail Resorts as its new tenant and operator of the terrain.”
The 83-page ruling leaves PCMR with only the base facilities and the lower portion of the mountain. But that could be enough to make it difficult for Vail to run PCMR’s expansive terrain from Canyons.
“Even if Vail ultimately prevails in this litigation,” Powdr Chief Executive John Cumming said, “it cannot possibly operate a resort on the leased property. They do not own the adjacent lands and facilities that are essential for ski operations to take place.
So in other words, it ain’t over ’til it’s over and Park City is not going down without a fight. But I guess we’ll just have to wait and see, unless any of you can make sense of this legal mumbo jumbo.