Park City News

Park City news and information. Park City, Utah.

Found 31 blog entries about Park City News.

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 resorts.

A large part of the discussion revolved around the unique capital strength commanded by Vail. The business acumen of Vail Resorts allows the company to take a different and long-term

1,635 Views, 0 Comments

PC Hero _091214

By Berkshire Hathaway HomeServices Utah Properties
At BHHS Utah 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 announced that

1,919 Views, 0 Comments

Shortly after acquiring Park City Mountain Resort Vail announced that PCMR will be included on the 2014-2015 Epic Pass.

The Epic Local Pass is selling for $569 for adults, $439 for teens and $289 for children. The Epic Local Pass allows "unlimited, unrestricted skiing or riding at Breckenridge, Keystone, Afton Alps, Mt. Brighton and Arapahoe Basin with limited restrictions at Canyons, Heavenly, Northstar and Kirkwood," according to the Vail website. It also includes a total of 10 days at both Vail and Beaver Creek, with holiday restrictions applying to both of those resorts.

The restricted dates at Canyons are: Nov. 28-29, Dec. 26-31, Jan. 17 and Feb. 14-15.

The normal Epic Pass, with no limits and no restrictions, is currently selling for $749 for

1,235 Views, 0 Comments

 

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 Mountain Resort, after failing to renew its long-term lease in

1,052 Views, 0 Comments

Dear Valued Prudential Utah Real Estate Customer,

On June 3rd, Prudential Utah Real Estate will become Berkshire Hathaway HomeServices Utah Properties.

We are committed to marketing Utah real estate at the highest level and remaining the most trusted real estate company in Utah. Our Company along with this powerful new network, exemplifies the reputation of Berkshire Hathaway—Berkshire Hathaway is the No. 1 company in Barron’s annual ranking of the world’s 100 most respected companies; it ranks at No. 8 in Fortune magazine’s 50 Most Admired Companies survey; and is No. 18 in Harris Interactive’s reputation study of the 60 Most Visible Companies, and Berkshire Hathaway HomeServices was named ‘Real Estate Agency Brand of the Year’ in the 2014 Harris

1,209 Views, 0 Comments

P R E S S R E LE A S E
FOR IMMEDIATE RELEASE: April 30, 2014
For further information, contact Park City Board of REALTORS®

Park City, Utah – Highest number of first quarter sales since 2007 —Statistics compiled by the Park City Board of REALTORS® Multiple Listing Service show the number of closed sales for the first quarter of 2014 (including single family homes, condominiums and vacant land) is higher than it has been for a first quarter since 2007. Surprisingly, with Park City real estate in strong demand, with total dollar volume just shy of $327 million (an 11% increase over Q1 of 2013) and with inventory still at record lows, median prices for the Greater Park City Area have increased by only 2% in the past year and are still well below the market

1,216 Views, 0 Comments

Park City Real Estate YouTube
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.

1,782 Views, 0 Comments

- Vail Resorts enters into a long-term lease with Talisker for first mountain resort in Utah.
- Canyons will be included in the Epic Season Pass for the 2013-2014 winter season.


BROOMFIELD, Colo., May 29, 2013 /PRNewswire/ -- Vail Resorts today announced that the Company has entered into a long-term lease with affiliate companies of Talisker Corporation for Canyons Resort in Park City, Utah. Under the lease, Vail Resorts has assumed all of the resort operations of Canyons while Talisker has retained its development rights for four million square feet of real estate at the resort.

"With 4,000 skiable acres, easy access to the town of Park City and $75 million in recent resort improvements, Canyons is a perfect complement to our collection of world-class

1,628 Views, 0 Comments