Park City Mountain Resort announced today its decision to file a lawsuit against Canadian-based real estate developer Talisker Land Holdings, LLC. The lawsuit seeks to resolve a dispute over the rights to land currently being occupied by some of the resort’s chairlifts and runs. On December 27 of last year, Talisker Land Holdings, LLC advised the resort that it deemed the resort’s right to use the land as expired, and further told the resort it would need to vacate the premises unless it was willing to enter in to a new agreement extending its use of the land.
"After extensive and, sadly, unsuccessful negotiations, we reluctantly took the initiative to file this lawsuit," said Jenni Smith, president and general manager of Park City Mountain Resort. "We need to protect the future of the company and our more than 1,200 employees, who bear a tremendous burden of uncertainty in this matter, and the many local businesses and homeowners in the Greater Park City area. We are seeking relief through the court, the only option left at our disposal."
Keep reading for more info on the resort’s decision:
Park City, Utah (March 9, 2012) – Principals of Park City Mountain Resort and Talisker met repeatedly in 2009, 2010 and 2011 to discuss multiple property transactions, business opportunities and infrastructure investments, including the future lift conncection between Park City Mountain Resort and Canyons Resort, a Talisker property. In the Summer of 2011, Park City Mountain Resort paid its annual fee for the use of the land, which was accepted by Talisker, and invested $7 million in infrastructure upgrades throughout the Resort.
"The growth and success of Park City Mountain Resort is 100 percent attributable to the investment, the hard work and dedication of our management and entire staff of 1,200 employees and more than 400 volunteers," continued Smith. "We're going to fight as long as it takes to keep Park City Mountain Resort locally owned and locally operated."
According to a complaint filed in the Third Judicial District Court (Summit County), "plaintiffs sue the defendants to prevent them from interfering with the continued operation of the Resort and from attempting to shut the Resort down."
For more information, including the complete complaint, FAQs, and other materials, visit www.SupportPCMR.com.