Industry News
On August 28th, Park City Mountain Resort (PCMR) was served an eviction notice from their landlord Talisker.
“A firm under the Talisker Corporation umbrella on Wednesday served Park City Mountain Resort with a notice to leave the premises, giving the resort five days, until Monday, to move off most of the land where PCMR operates.
In two documents delivered to the PCMR side, an entity called Talisker Land Holdings, LLC outlines the move toward an eviction, calling PCMR a tenant and that the tenancy is being terminated.” – Park Record
On August 30th, Vail Resorts released this statement declaring that they will allow PCMR to stay on the land:
“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.” – Kelly Ladyga, vice president of corporate communications for Vail Resorts.
Why is Vail Resorts doing the litigating for Talisker against PCMR?
Some of you guys in here will know more about that side of it than we do. Vail probably wants to run PCMR as well. Vail Resorts just signed a deal with Talisker to operate the nearby Canyons ski resort for the next 50 years.
For now, PCMR is safe. It does appear that this is going to be their last season of operation unless they decide to pay up.
Essentially since 1971 PCMR has paid Talisker $155,000 per year to lease the land the ski resort lies upon. Talisker pays Wolf Mountain LLC $3 million per year to use that terrain. This is the focal point of the current lawsuit, eviction notices, and dispute. Talisker wants more money.
RELATED POST:
Park City Served Eviction Notice Yesterday (w/ Local News Video)
“Judicial Estoppel” is interesting -you can’t tell a tax court the tax bill should be reduced by 2/3rds because it has a rent controlled rent for 50 year lease, and tell another court that there is no lease. The Utah State Tax Commissioner should show us the big fat tax check they got for 2011, 2012 and 2013 or show us the small check.
Vail isn’t even pretending not to be trying to take over anymore.
Whoa, Vail.