Plus, Cumming is trying again to threaten Park City and Summit County from the economic fallout. He refuses to blame himself. From the Friday the 13th Park Record article:
PCMR attached a declaration by a Salt Lake City economics expert outlining a projected steep decline in business at the resort under an eviction. The PCMR side hired Gregory Adams to analyze the impact on the economy if the resort did not operate on the disputed lands.
The Adams declaration, dated Thursday, estimates PCMR's revenues would fall to 22.5 percent of current levels. It says PCMR estimates resort operations in the ski season would drop by 85 percent from normal while summer operations, which are centered on the land owned by the PCMR side, would be unchanged.
"Thus, the eviction of PCMR from the resort lands would almost certainly have a very large negative impact on the economies of Park City and Summit County, leading to widespread unemployment and harm to numerous independent businesses," Adams says.
It also says Deer Valley Resort and Canyons Resort do not have "sufficient capacity to take on all the skier days generated by PCMR."
Should 10 percent of PCMR's skiers from outside of Utah go to another state to ski if the resort is closed, the declaration says, the annual hit to economic activity would be approximately $40 million, resulting in the loss of about 460 jobs. If the figure rose to 25 percent, it says, approximately $100 million in economic activity would be lost annually. In that scenario, more than 1,100 jobs would be lost, according to the report.
I disagree with the consultant's assertion that DV and Canyons cannot take on all those skier days. X-Mass to New Years & Pres. weekend is tough, but that is about it. Canyons has enough room to take the snowboarders and a split of skiers with DV. The consultant assumes a lot of revenue per skier day, and that includes little kids. Even with airfare and lodging factored in, that is a lot of money spent per skier day. I base this on an off the cuff estimate of 850,000 total skier days, with a 50% tourist split (I know that isn't correct, but I have no reported numbers to work with). No matter, since the results of a shutdown are still devastating.
Edited by quant2325 - 6/16/14 at 7:20am