Vail Resorts

Leslie Thatcher

Following last Friday's Board of Directors meeting, Vail Resorts announced Monday morning it will be spending more than $50 million at Park City Mountain Resort this upcoming year. Blaise Carrig, president of Vail Resorts Mountain Division, detailed the capital improvements in an interview with KPCW News Director Leslie Thatcher.

Vail Resorts announced today some shake up in its senior resort management, with the eventual departure of two well-known name sin the community. Lynn Ware Peek has more.

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Vail Resorts has just announced a  new chief operating officer of Park City Mountain Resort and Canyons Resort.  Lynn Ware Peek has more.  Vail Resorts, Inc.

Vail Resorts reported the corporation's earnings for both the fourth quarter and 2014 fiscal year ending July 31, 2014, painting a moderately rosy picture for the resort giant that has clinched ownership of two of Park City' three resorts. Lynn Ware Peek has more.

Summit County has some important issues to work out with Vail and Canyons Resort in the near future, according to County Manager Bob Jasper. Rick Brough has more.

Due to a large number of requests, KPCW posts (in its entirety) Vail's  Mountain Division President, Blaise Carrig's, September 18th address  before Park City Mayor and City Council and an overflowing room of residents.  Approximately 20 minutes... you will not be bored!  Carrig gives an overview of Vail's strategy and priorities in Park City - assuring the public that VR has no intention of making Park City the "company town"  that many fear. 

The Park City Council is scheduled to meet with Vail Resorts president Blaise Carrig today.  One of the topics is to get an update on how sales tax revenues will be distributed across the city, the county and two states.  KPCW's Leslie Thatcher has more.

Even with assurances from Vail Resorts that their purchase of Park City Mountain Resort will be good for town, some locals aren't convinced that will be the case.  KPCW's Leslie Thatcher has more.

The two-year lawsuit between Park City Mountain Resort, Vail Resorts and Talisker has been officially dismissed by the Third District Court.  KPCW's Leslie Thatcher has more.

Although officially employees of Vail Resorts, as of Thursday, the staff at Park City Mountain Resort will make the transition with new company policies and email addresses over the next three months. Since it's going to be the same Vail executive who did the exact same thing a year ago, when Vail Resorts took over operations at Canyons Resort, he has a playbook to work with. Leslie Thatcher has more.

News of Vail Resorts ' purchase of Park City Mountain Resort was received positively by the public corporation's shareholders. Lynn Ware Peek has more.

Leslie Thatcher asks the Mayor of the town of Vail - and former President of Vail Resorts - if Vail Resorts will be the new 500 lb gorilla in town, now that Vail Resorts has purchased Park City Mountain Resort.

  As the town reacts to this morning’s news of Vail’s $182.5 million cash purchase of Park City Mountain Resort, reactions are varied.  Lynn Ware Peek has more.

After a 20-year run operating Park City Mountain Resort, the resort's owner Powdr Corp. sold its flagship ski area for $182.5 million to Vail Resorts today. Leslie Thatcher has more.

While it’s something he never hoped to do, John Cumming the CEO of Powdr Corp. emailed the sale announcement just five minutes before the news of the acquisition came from Vail Resorts headquarters.

Now, instead of paying out $17.5 million required by the bond that set by the judge in order to operate this winter, Powdr Corp. will have nine times that amount in its bank account.

SOLD!

Sep 11, 2014

Powdr Corp. has sold its flagship resort, Park City Mountain Resort to Vail Resorts, effectively immediately. This includes the base area, the parking lots, lower ski terrain, chairlifts as well as the water and snowmaking for the entire mountain. A purchase price wasn't reported.The agreement stipulates that Vail must retain PCMR employees in their current roles.

More details at today's Local News at Noon, starting at 12:06 PM on 91.9 & 88.1 FM and streaming live here.http://kpcw.org/player#stream/kpcw

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