Owner of Snowbird, and Financial Backer of POWDR, Ian Cumming Dead at 77

[thetrailboss]

Earlier this week I posted how Snowbird's co-founder Ted Johnson died on Monday at the age of 91. Today, the other end of the week, Snowbird's current owner, Ian Cumming, died at the age of 77 while at his home in Jackson Hole, WY.

https://www.sltrib.com/news/busines...tivist-ian-cumming-dies-in-wyoming-at-age-77/

He founded Leucadia National and later funded his son's start-up outdoor gear company, a little gig called Mountain Hardwear. John later sold that to Columbia Sportswear.

Ian later funded POWDR and initially ran it until handing it over to his son, John.

He bought the majority share of Snowbird in 2014 and has been investing a lot of time and money into the resort. To be clear, POWDR is a separate entity from Snowbird. As to what happens now, anyone's guess.

 

[BenedictGomez]

Hopefully someone in the family resists the temptation to cash out by selling it to a giant ski company.

We're getting to the point where there arent many decent Mom & Pop and/or individual owner mountains left.

 

[Smellytele]

Hopefully someone in the family resists the temptation to cash out by selling it to a giant ski company.

We're getting to the point where there arent many decent Mom & Pop and/or individual owner mountains left.

As noted the family already owns a large ski company - Powdr

 

[abc]

Isn’t that the same company that “forgot” to renew the Park City land lease?

 

[benski]

Isn’t that the same company that “forgot” to renew the Park City land lease?

Correct.

 

[thetrailboss]

Isn’t that the same company that “forgot” to renew the Park City land lease?

Correct. That was John (Ian's son). Ian made it VERY clear that Snowbird was NOT POWDR or John because of that massive f-up. I would not be surprised if the family continues to run it--not John or POWDR. They dumped A LOT of money into Snowbird in four years.

 

[bigbob]

Is John Ian's only heir once the mother passes, or does he have brothers and sisters?

 

[thetrailboss]

Is John Ian's only heir once the mother passes, or does he have brothers and sisters?

Pretty sure he has siblings.