Powdr Corp, the corporate parent of Killington and Pico recently lost a court battle for the right to operate Park City Mountain Resort. Powdr leases Resort Lands from Talisker Land Holdings but failed to file their intention to renew the lease by the deadline. Vail Resorts (which bought Canyons Resort from Talisker) entered into an agreement to rent these Resort Lands from Talisker and Powdr filed suit. Ironically Powdr owns the land underlying the base area, parking lots, snowmaking water and sewer infrastructure and Vail can't access the upper mountain. Powdr will appeal the decision and this process could take a year. Powdr Corp. is the largest privately held owner of United States Ski areas and Vail Resorts is the largest publicly traded owner of United States ski areas.
Blog :: 06-2014
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