Bond Payment to Ensure PCMR Will Have Ski Season While Negotiations for Long-Term Resolution Continue
Submitted by Powdr Corp
PARK CITY, UT-- September 9, 2014 - Park City Mountain Resort (PCMR) announced today that it will pay the $17.5 million bond amount ordered by the Court to ensure the resort will open as planned this season, scheduled for November 22, 2014.
With a critically important court hearing in Park City's ski resort fight just hours away, Ski Utah President Nathan Rafferty is one of those who is well aware that winter is coming. Rick Brough has more.
In a hearing Friday afternoon, Third District Court Judge Ryan Harris ruled Park City Mountain Resort has to post $17.5 million to keep operating this ski season, and to use the 3,000-acre ski mountain owned by Talisker.The judge ruled the bond has to be posted by the end of next week, on Friday, September 12. Rick Brough has more.
Today is the day: After several continuations of a court hearing that will decide how much Park City Mountain Resort must pay to landlord Talisket Land Holdings in order to continue operating another season, the parties are scheduled to meet ion court today at 3 PM. Leslie Thatcher has more.