This is simple, Talisker bought United Park City Mines because they saw that in
the future they could charge much more money for the lease. United Park City
Mines sold because they entered into a fixed lease for a long time that probably
seemed fair in the beginning but began to seem unfair as time passed. Talisker
gave them an immediate payback cutting out at least 7 years of waiting.Park City Mountain Resort is probably reluctant to pay what Talisker is asking
because they likely would lose money or make very little. With no agreement
Talisker can take back the property and have all the $100 million in
improvements and either run the resort themselves or rent it to Vail Resorts for
a much higher return on their money.Not fair, but legal. Talisker
invested their money on a long-term (> 7 years) payback which is about to
come to fruition.Obviously Park City Mountain Resort should have had
some type of 1st purchase agreement with United Park City Mines or ramped up the
lease payments so United Park City Mines would not have had incentive to sell.
Why anybody would ski anywhere in greater SLC besides the Cottonwood resorts is
beyond me. Why would you want to ski worse mountains that get less snow and pay
It sounds like a couple of the 1% are having a little tiff, essentially so they
can gouge a little more from the 99%
Kralon has it right, except that Talisker probably didn't expect a payout
until 2051, when the options to renew ran out. Someone at PCMR is unbelievably
negligent to have:1 - Not purchased the land themselves.and 2 - Given that they failed to purchase the land and it was in
fact purchased by a major competitor, they should have renewed the lease early
and have followed the stipulations of the contract to the letter.This is a tragedy that some simple mistakes can have such catastrophic
consequences. But unless something went on that we don't know about, there
seem to have been some pretty amazing mistakes made.
BSR- Less snow overall, but within a few inches every storm. Ya, that adds up to
100 inches over a season, but each storm the totals are close enough. Besides
the powder in the bowls and trees being almost identical as Alta-bird (not in
depth, true) the terrain parks at Canyons or PCMR are significantly better. So
there is your reason. Maybe this will help too, I can have 3-4 runs in before
most people make it up the mess of the cottonwood canyons. That is indisputable.
Time is money, I can easily make up the difference in pass cost by saving myself
tens of hours a month in commute time to the resort.