Originally Posted by TheRusty
Where did Vail say they were going to operate Park City this year?
"However, if a Court ultimately rules that PCMR's lease has expired, then Vail will become Talisker's tenant on that land and it is absolutely our intention to utilize and operate that terrain, which was Talisker's intent in leasing it to us," Katz in buyout letter to Cummings.
Maybe you don't consider POWDR's filed plan to dismantle lifts over a 33 week period a credible threat.
I don't. The fixed pylons and equipment will stay. Cummings MIGHT get the cables and chairs, easily and quickly replaced.
Vail wants to operate PCMR, not a half assed workaround around the current base area.
Future base areas will do that. The ski area is not part of Cummings property. Vail would like the current base area but can do well without it, King Rd/Bonanza base area. Town lift base areas. Canyons base area for Park City ski area. Vail can live without Cummings base area. Reverse is not true.
Cummings gambled all and lost in the lease lawsuit. By occupying land that was not his he ran up $66M in rent costs alone more than the base area is worth especially if the base area has no access to a ski area. That is why Cummings lawyer was pleading that the damages assignment be part of the eviction notice hearing arbitration.