VAIL SUCKS

[thetrailboss]

Yup, The Cumming family, who own Powdr and Snowbird, and at the time Park City mountain resort, forgot to submit by the deadline a note of intent to renew the lease for the land that essentially all the resort with the exception of the immediate base area was on, for the next 20 year period (I believe it was a 20yr lease if memory serves) for some ridiculously low amount for the 3000+ acres or so the lease covered. The lease holder, Talisker, had already had a good working relationship with Vail Resorts and were part of the development team developing the Canyons. Talisaker told the Cumming family that since the missed the lease intent to renew date, that the old terms were null and void and that if they wanted a new lease, it would be at current fair market value (the original elase was I believe for somewhere around 100k a year). Eventually Tailsker aligned with Vail, who acquired the rights to the leased land that most of the Park City Resort was on. The Cumming family lost in court and threatened to remove all of the infrastructure (lifts, mountain ops facilities, on mountain lodges, etc) from the leased land they no longer had rights to, and not give Vail rights to the main base area and parking lots for the Park City Resort. Anf eventually the Cumming family/Powdr and Vail reached an agreement and the connecting of the Canyons and Park City Mountain Resort happened

Accurate, except Ian would tell you that this was John’s fault (the son).