Vail Resorts

On today's show host Carolyn Murray talks with Summit County Deputy County Clerk Kellie Robinson about the upcoming election.

Summit County Regional Transportation Planning Manager, Caroline Rodriguez calls in with an update on the newly finished transit and transportation plan.

KPCW Radio

Representatives from the nation’s largest ski resort companies explained what their organizations are doing to reduce their environmental impact at the Mountain Towns 2030 conference Wednesday. 

Vail Resorts Sustainability Director Kate Wilson says the organization set a resort-wide goal in 2017 to be net-zero carbon by 2030. That includes zero net emissions, zero waste to landfills and zero net operating impact to forests and habitat. Vail acquired Park City Mountain Resort and Canyons Village in 2014.

Last week a big week for Vail Resorts.  Vail announced it had purchased Peak Resorts and announced its 4th quarter earnings. Doug and Renai report on the Investor call.

  If you have an Epic pass, you can add another 17 U.S. Ski resorts to try. Vail Resorts closed on its acquisition of Peak Resorts, Inc. Tuesday for a purchase price of $11 per share. 

 

With the acquisition, Vail Resorts adds 17 U.S. ski areas to its portfolio. All of them are located in the Northeast, Mid-Atlantic, and Midwest. Vail Resorts now owns and operates 37 resorts worldwide.

As we’ve reported Park City Mountain Resort COO Bill Rock will be taking on a new role within Vail Resorts. Returning to run Park City Mountain Resort is a familiar face.

Rock’s brand-new job will be based at company headquarters in Broomfield, Colorado, where he will serve in a regional leadership role. Rock explains that job will have him overseeing the company’s five resorts in Colorado and Utah. He says even though he’ll be based in corporate headquarters he still plans to spend around 90 days on the mountain split between the four Colorado ski areas and Park City.

There are big leadership changes afoot at Vail Resorts. KPCW’s Leslie Thatcher reports the changes include the departure of Park City Mountain Chief Operating Officer Bill Rock and the return of Mike Goar who managed Canyons Resort before it merged with Park City.

Vail Resorts announced Monday that  it has entered into an agreement to acquire 100 percent of the outstanding stock of Peak Resorts which is traded on NASDAQ as SKIS. The purchase price of $11.00 per share – or $264 million - is subject to certain conditions, including a regulatory review and Peak Resorts’ shareholder approval.

Through the acquisition, Vail Resorts will add 17 U.S. ski areas to its network. The resorts include:

Extell Development Company

One of New York City’s most significant developers, Gary Barnett and his development company Extell, is now firmly planted here in Utah as one of the largest property owners in Wasatch County. What was once sheep grazing and mining lands, the property known as Mayflower is now slated to be a premier resort village with hotels, conference space and recreational amenities.  

Vail released their Third Quarter report on Thursday.

Vail Resorts reported net income for 3rd quarter of the year was $292 million. That income is up $36 million from the previous year. Season pass sales through May for the upcoming ski season were up approximately 9% in units sold during the same time frame.

KPCW Radio

Vail Resorts announced last week the sale of the parking lots at the base of Park City Mountain Resort to Utah County-based developer PEG Companies. Development at the base of the resort has been on the table for more than 20 years.

KPCW

The development of the surface parking lots at the base of Park City Mountain Resort has been approved for years. With the sale of those 10 acres by Vail Resorts to a Provo company  this week– the development is imminent. KPCW’s Leslie Thatcher has more.

An announcement was made Thursday morning that Vail Resorts had entered into an agreement with PEG Companies, a Utah-based commercial real estate development and investment group, to sell and develop the parcels that have been used as free parking.

Park City Municipal Corporation

Last week, KPCW spoke with Outside Magazine writer Marc Peruzzi about his article “The Giant Resort Companies You Hate Are Saving Skiing” in response to his article Brigid Mander wroter her own piece in Outside Magazine titled “Actually the Mega Season Pass is Killing Skiing”

Brigid Mander doesn’t fault Alterra Mountain Company or Vail Resorts for doing their job, but she does disagree with the multi-resort pass is good for skiing.

www.vailresorts.com

Vail CEO Rob Katz addressed a standing-room-only crowd at the Santy Auditorium for the Community Leadership Lecture Monday. Katz took questions from the audience for about half an hour, on topics ranging from employment to the skiing experience. 

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The last time Rob Katz stood on a Park City stage was five years ago—except then, an actor portrayed him as the villain in “An Epic Follies.” Katz says he can’t believe he went from the butt-end of the Follies to addressing the Leadership Park City Class.

“So the play ended, as I recall, with the Vailiens and the folks from Powdr Corp killing each other, lying on the stage all over the place, and then somebody came out with a big broom to clean up the mess--and that was Bob Wheaton," Katz recalled, to laughs. "But now, I'm still on the stage.”

Park City Mountain Resort and Vail Resorts have announced an addition to their Epic Pass lineup.

Deirdra Walsh of Park City Mountain Resort announced the new product as part of the Vail Epic Promise hour of KPCW’s pledge drive on Tuesday morning. The Epic Day Pass for next season is on sale now.

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