Judge Rules Park City Mountain Resort Failed to Renew Lease On Time

May 21, 2014


Utah Third District Court judge Ryan Harris has issued summary judgments in favor of the Talisker Corporation and Vail Resorts in their case with Park City Mountain Resort over a failure to renew their lease in 2011.

The judge’s ruling goes against Park City Mountain Resort’s claim that the Talisker Corporation violated provisions of the lease and failed to properly notify them of its expiration. The ruling effectively declares that PCMR’s lease did in fact expire on April 30, 2011 and that they did not do what was required to renew that lease on time. In a statement sent to KUER, Talisker’s attorney says they are pleased with the Court’s ruling and that they look forward to bringing in Vail Resorts as the new tenant and operator of the land.

PCMR’s attorney said in a statement that they will appeal this ruling and expect to continue with business as usual until the appeals process is completed. Powdr CEO John Cumming, who owns PCMR, also said in a statement that, outside of the courtroom, they hope to come to a rational agreement with Vail that allows them to continue to operate on the disputed property. If that fails, he says they will not simply walk away and allow a Vail takeover.

 

Judge's Memorandum and Order