Talisker reaffirms Vail deal
April 4, 2014
The corporate parent of Talisker Land Holdings, LLC on Friday afternoon issued a prepared statement indicating it does not want to renegotiate a lease with Park City Mountain Resort.
The statement was made in response to a comment from the CEO of PCMR’s parent, Powdr Corp., in late March. John Cumming, the Powdr Corp. CEO, said in a prepared statement at that time PCMR is interested in solutions that "preserve the independence" of the resort.
The TCFC Finance Co., LLC statement reaffirms its decision to enter into an agreement with Colorado-based Vail Resorts. Under the agreement, Vail Resorts operates the Talisker-owned Canyons Resort with the possibility of the deal being extended to the disputed PCMR terrain depending on the outcome of the lawsuit.
"We are not interested in reconsidering the decision that was made to have Vail operate the property and we are not interested in entering a new lease with PCMR," the statement says.
It says Cumming’s "demands are both too late and unrealistic."
The statement touts Vail Resorts as "the best operator in the mountain resort industry."
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"If PCMR was genuinely interested in retaining control of the resort and remaining ‘independent,’ it could have entered into a new lease with Talisker in early 2012. Instead, PCMR filed a lawsuit. If Talisker should prevail in that lawsuit, it will begin leasing this terrain to Vail and we expect them to be the resort ski terrain operator," the statement says.
TCFC Finance Co., LLC is one of the defendants in the case. It appears on the court docket under a former name.
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