Breaking News: Park City Will Be OPEN This Season Following $17.5 Million Payment.

Breaking News: Park City Will Be OPEN This Season Following $17.5 Million Payment.

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Breaking News: Park City Will Be OPEN This Season Following $17.5 Million Payment.

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Park City Mountain Resort

Park City Mountain Resort will be open for the 2014-2015 winter ski season! PCMR has announced that it will pay the $17.5 million bond required to keep the resort open for the 2014-15 ski season.

The bond was established by a Utah Judge, Ryan Harris,  to cover damages during the upcoming ski season for the resort’s landowner, Talisker Land Holdings. The $17.5 million covers what Harris determined as reasonable annual rent for the property as well as attorney fees.

“Our goal has always been to keep PCMR open for the upcoming 2014-15 season and beyond,” Jenni Smith, the resort’s president and general manager, said Tuesday. “Paying the bond ordered by the judge will provide our employees, the Park City community and our many guests the certainty they’ve been waiting for about our upcoming ski season.”

The bond will keep the resort open for the upcoming season, but it does not ensure a long-term solution to the dispute between Park City Mountain Resort and Vail Resorts, Inc., an associate company of Talisker.

“I am very happy that the resort will be open this year,” Smith said. “While the most important outcome today is that PCMR will be open for business, the bond payment is only a short-term solution for the 2014-15 season. As such, we will continue working with Vail toward a reasonable and fair long-term solution.”

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