"Guest CommentingPark City, UTThis article should have mentioned
that the judge pointed out that the renewal was over 2 months late. PCMR knew
it's lease had expired before spending money on upgrades, but it never
bothered to ask if the lease would be renewed. The facts laid out in the
decision of the judge are really surprising."And I read
somewhere that PCMR actually forged a backdated document in a feeble and
dishonest attempt to correct their blunder!
This article should have mentioned that the judge pointed out that the renewal
was over 2 months late. PCMR knew it's lease had expired before spending
money on upgrades, but it never bothered to ask if the lease would be renewed.
The facts laid out in the decision of the judge are really surprising.They need to settle this now.
@lket,Re: "greed is what made this happen."...How did
greed make this happen? They missed their renewal date! Greed didn't
make them miss their contract renewal date!Now what happened AFTER
they missed the deadline... Vail swooping in and buying the contract out from
under them (knowing they won't actually run the resort, but if they buy the
forest service lease... now have their competitor over a barrel and can pretty
much charge them anything they want to let them off the hook). Now that...
could be based on greed (or just sticking it to your competitor).====Missing the contract date was just a big mistake (not based on
greed). Somebody else snapping up the lease the second it lapsed... I can see
how that is based on greed and putting the other family/business in a position
where they can extort money from them (to get the lease back).Kinda
like buying a domain name on the internet you don't intend to use, but you
know a big business will want it badly... so you can extort money from them
because they want that domain name for their website.
There are two key facts people often forget when discussing this topic. Powdr
owns the base and the water rights for the whole mountain. Both sides have full
veto power over each other.Next you did not mention that the Cumming
family just bought out the interests of the Bass family in Snowbird. So the
Cumming family (which owns Powdr) has a majority control of the Bird.I do not think that Vail will get to run Park City. Instead I think that a
trade will be negotiated. Vail will manage Snowbird for the Cumming family and
Vail will let Powdr continue to manage Park City Mountain Resort.This trade makes better business sense than letting PCMR languish with no base
access and no snowmaking.So in the end Vail will offer an Epic pass
for Canyons and Snowbird
greed is what made this happen.
This seems so ridiculous to me that I can't help but wonder if something
shady happened on the side. As always, follow the money.
Obviously lift ticket prices will go up. And do you think they will promote
Park City over Vail in their advertising, and try to attract big events at PC
instead of Vail? I don't.I wonder if it would be a good thing
if one company owned ALL of the ski resorts?Obviously PC in the
future (like The Canyons Resort today) will get the overflow and leftover events
Vail can't handle.
Bottom line is the cost for a lift ticket will go up, way up!
I wonder how on earth Talisker gained ownership of the land that PCMR sits on.
The end game will be that PCMR will pay a LOT more than the previous lease
to Vail Resorts to run their lifts.
It's hard to understand why a large corporation would not have a reminder -
or tickler - system in place to remind itself of important contract deadlines.
Such software apps are cheap, and calendars, either electronic or paper hung on
a wall, are available everywhere.
I don't understand all the legalities involved... but it seams like
it's a business deal, and like any other business deal... you could give
them some slack on the date (IF you wanted to).
I guess it doesn't matter how much money is involved. There is incredible
incompetence even at these levels.