News and information about what is happeing in Park City.

Deer Valley Resort Hoping to Connect to Old Town

Options Include Two Connected Gondolas Or One Gondola To Reduce Traffic

In a meeting with the Park City Council, Bob Wheaton, the President and General Manager of Deer Valley Resort, shared Deer Valley's plan to dramatically increase their ski terrain with eight new lifts, which will serve approximately 1,000 acres of new runs. Wheaton also discussed the development at Mayflower Mountain Resort (above the Jordanelle) and expanded residential communities in and around the resort. Most exciting, Wheaton confirmed that Deer Valley intends to try to connect the resort directly to Old Town via a Gondola System.

There are two options, the first option involves two connected gondolas; the second…

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Vail Announces Resort Improvement Plans for Park City Mountain Resort

  • More than $50 million of improvements in one season
  • Most impactful capital program in history of U.S. ski industry
  • Creates largest ski resort in U.S. with upgraded lifts and restaurants
  • All projects are subject to appropriate regulatory approval

BROOMFIELD, Colo.—Dec. 8, 2014—Vail Resorts, Inc. (NYSE: MTN) today announced details of the company’s planned upgrades to Park City Mountain Resort for the 2015-2016 ski season. The plan, which totals over $50 million, is one of the most ambitious and impactful capital programs in U.S. ski industry history and will transform the guest experience at Park City Mountain Resort. The plan would establish the connection…

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Vail's Future Plans for Park City Resort

Today, Blaise Carrig, President of the Mountain Division at Vail, joined BHHS Management and our agents for a discussion of Vail’s future plans.

Mr. Carrig gave an overview of Vail’s strategy with regards to mountain acquisition and growth, real estate development, growing appeal for winter sports, and running and operating resorts. The presentation was illuminating, and Mr. Carrig answered many of the remaining questions surrounding Vail’s recent acquisition of Park City Mountain Resort and the company’s immediate and future intentions towards its two local ski resorts.

A large part of the discussion revolved around the unique capital strength commanded by Vail. The business acumen of Vail Resorts allows…

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Vail Acquires Park City Mountain Resort

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At Engel & Völkers Park City, we are tracking the effects of the Vail purchase with keen interest. While it's too soon to predict all the implications from this major change, we feel comfortable in saying that Vail’s presence will be very positive for our marketplace. There are several plots of land now owned by Vail that are available for new development, which will add substantially to Park City’s future real estate growth potential.

We are not the only ones who see this acquisition as a beneficial thing.  Immediately after the sale was made public via press releases from both Vail and Park City, Vail’s stock shares jumped 12% in value. Stocks have continued to trend upwards, especially after it was…

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Park City Resort has until Friday to post $17.5 million bond

Park Record - It may be another week before anyone knows whether Park City Mountain Resort will open for the 2014-15 ski season.

Friday afternoon, 3rd District Court Judge Ryan Harris said the resort must post a $17.5 million bond by the end of business on Friday, Sept. 12, in order to stay an eviction from the land it had been leasing from Talisker Land Holdings, LLC.

When asked whether PCMR would be willing to post that amount, the resort's lead attorney, Alan Sullivan, replied, "I have to consult with my client."

The bond hearing is one piece of a closely watched legal dispute which will determine whether Park City Resort, after failing to renew its long-term lease in 2011, can…

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ONE Wasatch - Seven Ski Areas 1 Pass

Yesterday, Ski Utah and Area Resorts unveiled ONE Wasatch, a concept which explores the idea of connecting the seven central Wasatch ski areas. Connecting Alta Ski Area, Brighton Resort, Canyons Resort, Deer Valley Resort, Park City Mountain Resort, Snowbird Ski and Summer Resort, and Solitude Mountain Resort would create the largest lift-served ski experience in North America-18,000 acres, 100 lifts, 750 runs all on one pass. At this time, resort partners have no specific execution timelines or chairlift alignments.

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