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49-549: Opened 61 years ago in 1963, the resort has been a major tourist attraction for skiers from all over the United States, as well as a main employer for many of Park City's citizens. The resort was purchased by Vail Resorts in 2014 and combined the resort with neighboring Canyons Resort via an interconnect gondola to create the largest lift-served ski resort in the United States. During the ski season, most slopes and lifts are open from 9:00 a.m. to 4:00 p.m. The resort

98-675: A season pass for its North American resorts at a significant upfront cost. However, Vail's stock price has declined by 50% since its October 2021 peak of $ 360. While this past winter was one of the warmest on record for the company, concerns exist that future winters may even be warmer. Some of Vail Resort's acquisitions have fueled anger among local residents. Locals complain that the Vail's pass structure caters to wealthy international pass holders and reduces access to nearby residents; additionally, residents have seen their cost-of-living increase following Vail's takeovers. In 2001, Vail Resorts acquired

147-471: A combined capacity of 16,500 persons. Almost all available tickets for events at the resort were sold — 99.8 percent — to a total of 95,991 spectators. During the games, 96 percent of the resort was open for normal seasonal operations, making it the only venue to allow spectators to leave and reenter. In March 2012, Powdr Corporation (POWDR), owners of Park City Mountain Resort (PCMR), announced that it had filed

196-624: A former ski instructor who was recently the mayor of the Town of Vail, and Mark Smith, a real estate broker/turned developer who currently also runs East West Partners with Harry Frampton, who was the former President of Vail Associates and currently owns East West Partners. East West Partners has built most of the large buildings that make up the Beaver Creek Village, including the Marketplace Building, Village Hall , and One Beaver Creek. This

245-451: A former ski instructor who was recently the mayor of the Town of Vail, and Mark Smith, a real estate broker/turned developer who currently also runs East West Partners with Harry Frampton, who was the former President of Vail Associates and currently owns East West Partners. East West Partners has built most of the large buildings that make up the Beaver Creek Village, including the Marketplace Building, Village Hall , and One Beaver Creek. This

294-564: A harness. The resort offers lift-served access for hiking and mountain biking on Crescent, Payday, and Town lifts from the Park City Mountain Village base. Canyons Village provides hiking and biking access via the Red Pine Gondola and Short Cut. Most trails in the area are family-friendly and not very strenuous. The majority of mountain bike trails are intermediate, with a small percentage designated as expert trails. Park City

343-638: A high speed quad to replace the High Meadow lift at Red Pine Lodge. For the 2019 season, Skytrac built a new fixed grip quad chairlift called "Over and Out" that goes from the bottom of Tombstone to a point just above the top of Sunrise, providing quick egress from the Tombstone and Iron Mountain pods to the Canyons Village base area by alleviating the need to take Tombstone back to Red Pine Lodge. The lift takes about five minutes and thirty seconds to ride. For

392-505: A lawsuit against Talisker Land Holdings, LLC (Talisker), which owned the adjacent Canyons Resort , as well as United Park City Mines Company, both partial land owners of the resort. The lawsuit filed by POWDR was in response to an eviction notice issued by Talisker, the entity that owns most of the land the PCMR ski runs are on, who had been leasing it to POWDR (a continuation of the existing lease between Park City Mines and POWDR when Talisker bought

441-679: A lifelong resident, led Siebert (a former WWII 10th Mountain Division ski trooper) to the area in March 1957. They both became ski patrol guides at Aspen, Colorado , when they shared their dream of finding the "next great ski mountain." Siebert set off to secure financing, and Eaton engineered the early lifts. Their Vail ski resort opened in 1962. George N. Gillett Jr. purchased Vail Associates in 1985. Vail Associates changed its name to Vail Resorts and went public in 1997 after Gillett Holdings went bankrupt. Apollo Management , headed by Leon Black , bought

490-465: A nine-hole golf course. The gondola was a four-passenger Polig-Heckel-Bleichert (PHB, a German aerial ropeway company). Its sister lift was built at Sugarloaf in Carrabassett Valley , Maine , after top members of Sugarloaf's management visited Park City's lift. When the slopes first opened to the public, a special Skier's Subway was used to transport skiers nearly 2.5 miles (4.0 km) into

539-483: Is divided into three divisions. The mountain segment owns and operates 42 mountain resorts in four countries. Vail Resorts Hospitality owns or manages hotels, lodging, condominiums, and golf courses, and the Vail Resorts Development Company oversees property development and real estate holdings. Vail Resorts was founded as Vail Associates Ltd. by Pete Seibert and Earl Eaton in the early 1960s. Eaton,

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588-565: Is one of the featured mountains in the 2008 video game Shaun White Snowboarding . [REDACTED] Media related to Park City Mountain Resort at Wikimedia Commons Vail Resorts Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado . The company is divided into three divisions. The mountain segment owns and operates 42 mountain resorts in four countries. Vail Resorts Hospitality owns or manages hotels, lodging, condominiums, and golf courses, and

637-450: Is reportedly the largest Trek bicycle dealer in the world. Vail Resorts also owns just over 50% of Slifer Smith and Frampton (SSF), the largest real estate brokerage company in the Vail region, controlling over 70% of the real estate transactions in the market. Slifer, Smith, and Frampton were called Slifer, Smith, and Frampton/Vail Associates Real Estate, but they dropped the "Vail Associates" name in 2003. The founders of SSF are Rod Slifer,

686-450: Is reportedly the largest Trek bicycle dealer in the world. Vail Resorts also owns just over 50% of Slifer Smith and Frampton (SSF), the largest real estate brokerage company in the Vail region, controlling over 70% of the real estate transactions in the market. Slifer, Smith, and Frampton were called Slifer, Smith, and Frampton/Vail Associates Real Estate, but they dropped the "Vail Associates" name in 2003. The founders of SSF are Rod Slifer,

735-536: Is separate from East West Resorts, a separate property management group. Vail Resorts Development Company (VRDC) is the wholly-owned real estate development company that Vail Resorts uses to develop all of its company-owned real estate, other than the projects East West Partners develops. VRDC developed Bachelor's Gulch, one of the business's most upscale ski-in/ski-out resorts, with its own Ritz Carlton and just over 100 slopeside mansions. President Gerald Ford kept his ski house between Beaver Creek and Bachelor's Gulch in

784-536: Is separate from East West Resorts, a separate property management group. Vail Resorts Development Company (VRDC) is the wholly-owned real estate development company that Vail Resorts uses to develop all of its company-owned real estate, other than the projects East West Partners develops. VRDC developed Bachelor's Gulch, one of the business's most upscale ski-in/ski-out resorts, with its own Ritz Carlton and just over 100 slopeside mansions. President Gerald Ford kept his ski house between Beaver Creek and Bachelor's Gulch in

833-785: The Vail , Beaver Creek , Breckenridge , Keystone , and Crested Butte ski areas in Colorado, and Northstar California , Kirkwood Mountain Resort , and Heavenly Mountain Resort on the California-Nevada border. In British Columbia, Canada, they also acquired the largest ski resort in North America: Whistler Blackcomb . Vail Resorts offers a variety of multi-resort season passes under the Epic Pass program. The Epic Pass also has partnerships that allow access to several other resorts in

882-500: The Vail , Beaver Creek , Breckenridge , Keystone , and Crested Butte ski areas in Colorado, and Northstar California , Kirkwood Mountain Resort , and Heavenly Mountain Resort on the California-Nevada border. In British Columbia, Canada, they also acquired the largest ski resort in North America: Whistler Blackcomb . Vail Resorts offers a variety of multi-resort season passes under the Epic Pass program. The Epic Pass also has partnerships that allow access to several other resorts in

931-565: The "next great ski mountain." Siebert set off to secure financing, and Eaton engineered the early lifts. Their Vail ski resort opened in 1962. George N. Gillett Jr. purchased Vail Associates in 1985. Vail Associates changed its name to Vail Resorts and went public in 1997 after Gillett Holdings went bankrupt. Apollo Management , headed by Leon Black , bought the company out of bankruptcy and took Vail Resorts public, controlling Vail Resorts until 2003, when Apollo divested itself of controlling interest. The skating rink at Beaver Creek, Colorado ,

980-598: The 2022 season, Doppelmayr had been contracted to construct two new detachable chairlifts on the Park City side of the resort. However, after the Park City Planning Commission revoked the permit to replace these lifts in Park City, Vail Resorts announced that these lifts will now be installed at Whistler Blackcomb in 2023 and replace the Jersey Cream and Fitzsimmons lifts there. As of the 2015–16 season, after

1029-730: The Beaver Creek Club, the Arrowhead Alpine Club, and the Game Creek Club (in Vail). VRDC also developed Red Sky Ranch in Wolcott (approximate 10 miles (16 km) west of Beaver Creek), which includes two golf courses and many million dollar golf course homes. These clubs are now operated by the "Mountain Division" of Vail Resorts. Vail Resorts operates 42 ski resorts in the United States, Canada, Australia and Switzerland including, notably,

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1078-451: The Beaver Creek Club, the Arrowhead Alpine Club, and the Game Creek Club (in Vail). VRDC also developed Red Sky Ranch in Wolcott (approximate 10 miles (16 km) west of Beaver Creek), which includes two golf courses and many million dollar golf course homes. These clubs are now operated by the "Mountain Division" of Vail Resorts. Vail Resorts operates 42 ski resorts in the United States, Canada, Australia and Switzerland including, notably,

1127-591: The Gart Brothers, specifically Tom Gart, Ken Gart, and John Gart. The Gart family has been in the sporting goods business for three generations and was the former owner of Gart Sports, a large chain of sporting goods stores in the western US. Gart Sports was sold by the Gart family in the 1990s and then recently sold again to Sports Authority , which discontinued the use of the Gart Sports name in 2006. In 2010, Vail completed

1176-480: The Strawberry Park section of Beaver Creek. Arrowhead is the third "peak" in the heavily promoted "village to village ski experience" in which you can ski from Beaver Creek to Bachelor's Gulch to Arrowhead and back again. Arrowhead was a separate ski area unrelated to Beaver Creek for years before Vail Associates finally bought them in the early 1990s. VRDC also developed the "club" division of Vail Resorts, including

1225-422: The Strawberry Park section of Beaver Creek. Arrowhead is the third "peak" in the heavily promoted "village to village ski experience" in which you can ski from Beaver Creek to Bachelor's Gulch to Arrowhead and back again. Arrowhead was a separate ski area unrelated to Beaver Creek for years before Vail Associates finally bought them in the early 1990s. VRDC also developed the "club" division of Vail Resorts, including

1274-734: The US, Canada, Japan, France, Switzerland, Austria, and Italy. Vail Resorts acquired the Grand Teton Lodge Company within the Grand Teton National Park in Wyoming in 1999. The GTLC properties include the Jenny Lake Lodge , Jackson Lake Lodge , and Colter Bay Village . 2014 September 11 (Park City) Vail Resorts Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado . The company

1323-414: The Vail Resorts Development Company oversees property development and real estate holdings. Vail Resorts was founded as Vail Associates Ltd. by Pete Seibert and Earl Eaton in the early 1960s. Eaton, a lifelong resident, led Siebert (a former WWII 10th Mountain Division ski trooper) to the area in March 1957. They both became ski patrol guides at Aspen, Colorado , when they shared their dream of finding

1372-536: The Vail's pass structure caters to wealthy international pass holders and reduces access to nearby residents; additionally, residents have seen their cost-of-living increase following Vail's takeovers. In 2001, Vail Resorts acquired the luxury hotel chain RockResorts , contributing substantially to its brand recognition. RockResorts was named after its original owners, the Rockefeller Family . As of January 2017,

1421-464: The bottom of Silverlode at PCMR and a point below the top of Iron Mountain at Canyons. King Con was upgraded to a high speed six pack, while the original King Con high speed quad was relocated to replace the Motherlode triple chairlift. The upgrades on the PCMR side were done to alleviate expected congestion at Silverlode and King Con from the added interconnect gondola. The former Canyons Resort base area

1470-728: The buyout of the Specialty Sports Venture brand and is now the 100% owner of all SSV operations. In addition to all of the ski shops in the Vail Resorts portfolio of ski areas, the SSV chain of stores includes Bicycle Village in Denver, Colorado Ski & Golf, Boulder Ski Deals, Aspen Sports, Telluride Sports, and Mountain Sports Outlet in Summit County and Glenwood Springs and many others. SSV

1519-482: The company out of bankruptcy and took Vail Resorts public, controlling Vail Resorts until 2003, when Apollo divested itself of controlling interest. The skating rink at Beaver Creek, Colorado , was named the Black Family Skating Rink after Leon Black. Rob Katz, a former executive at Apollo, ran Vail Resorts as CEO until November 2021, when he was appointed executive chairperson of the board. Kirsten Lynch,

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1568-517: The company's former chief marketing officer, then took over as CEO. In June 2024, Vail Resorts reported lower-than-expected revenue during the February-April quarter due to a significantly warmer-than-anticipated winter across western North American resorts, with snowfall 28% lower than average. The company generated $ 1.28 billion in revenue during the quarter despite the stabilizing effect of its Epic Pass program, which allows customers to purchase

1617-402: The company's retail operations are run by a smaller company, [Vail Resorts Retail, VRR], of which Vail owns 70%. The owners of the other 30% are the Gart Brothers, specifically Tom Gart, Ken Gart, and John Gart. The Gart family has been in the sporting goods business for three generations and was the former owner of Gart Sports, a large chain of sporting goods stores in the western US. Gart Sports

1666-483: The land from Park City Mines). POWDR claimed that they had initiated talks with Talisker to extend their lease to 2051, and that Talisker had refused to agree to the terms and threatened to close the resort. In response, Talisker claimed that POWDR had failed to agree to the new terms set down by Talisker, and that they had never threatened to close the resort. POWDR sued Talisker for $ 7 million (equivalent to $ 9.3 million in 2023) for compensatory and punitive damages for

1715-498: The leased land and its improvements to Talisker. In 2013, Talisker leased its 4,000 acre Canyons Resort to Vail Resorts (Vail), for $ 25 million per year plus a percentage of the Canyons Resort revenue, plus a condition that Vail also take over the legal action. Near the end of May 2013, an eviction notice was served on POWDR to vacate the leased land of PCMR, including all infrastructure on said land, which would leave POWDR with just

1764-500: The luxury hotel chain RockResorts , contributing substantially to its brand recognition. RockResorts was named after its original owners, the Rockefeller Family . As of January 2017, the properties include: The Pines Lodge at Beaver Creek, CO The Lodge at Vail, CO The Osprey at Beaver Creek, CO The Arrabelle at Vail Square, CO One Ski Hill Place at Breckenridge Ski Resort The Grand Summit Hotel in Park City Utah All of

1813-435: The merger with Canyons Resort . During the summer, Payday provides lift service to an alpine slide and an alpine coaster . Restaurants are also open during the summer, and will often have live bands and other activities. The resort creates and maintains its own trails and trail connections to the rest of the Park City area trail system. Activities at the resort include miniature golf, a climbing wall , and trampolines with

1862-513: The mountain through the pitch-black Spiro Tunnel on a mine train, where skiers then boarded a mining elevator ("hoist") that lifted them 1,750 feet (530 m) to the surface at the foot of the Thaynes Canyon chair, and from there they had access to the entire mountain. Aerial trams once used for hauling ore were converted into chairlifts. To this day, more than one thousand miles (1,600 km) of old silver-mine workings and tunnels remain beneath

1911-450: The private land and infrastructure (accommodations, shops, parking, etc.) at the base of the ski runs. ( Greater City Co. v. United Park City Mines , 120500157 (Summit County Utah 20140521).) On September 11, 2014, Vail announced that it had purchased the base of PCMR, including its name and recognition of ski runs improvements, from POWDR for $ 182.5 million (equivalent to $ 234.9 million in 2023) and that it would combine

1960-399: The properties include: The Pines Lodge at Beaver Creek, CO The Lodge at Vail, CO The Osprey at Beaver Creek, CO The Arrabelle at Vail Square, CO One Ski Hill Place at Breckenridge Ski Resort The Grand Summit Hotel in Park City Utah All of the company's retail operations are run by a smaller company, [Vail Resorts Retail, VRR], of which Vail owns 70%. The owners of the other 30% are

2009-494: The quarter despite the stabilizing effect of its Epic Pass program, which allows customers to purchase a season pass for its North American resorts at a significant upfront cost. However, Vail's stock price has declined by 50% since its October 2021 peak of $ 360. While this past winter was one of the warmest on record for the company, concerns exist that future winters may even be warmer. Some of Vail Resort's acquisitions have fueled anger among local residents. Locals complain that

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2058-416: The resort with neighboring Canyons Resort over the summer of 2015 for the 2015–16 season. When the purchase was finalized, Vail added Park City Mountain Resort to its EPIC season pass program for the 2014–15 season. In 2015, the merger of PCMR with Canyons was undertaken by Doppelmayr USA as part of a project that built two new lifts and relocated a third. A new gondola called Quicksilver was built between

2107-488: The site of the former Snow Park (1946–69). During the 2002 games, the resort hosted the men's and women's giant slalom, men's and women's snowboarding parallel giant slalom, and both men's and women's snowboarding halfpipe events. The resort's Eagle Race Arena and Eagle Superpipe were used as the Olympics runs. Temporary stadiums were erected at the end of each run with spectator standing areas on each side, creating

2156-764: The slopes of Park City and neighboring Deer Valley . Treasure Mountain's name was changed to the Park City Ski Area for its fourth season of 1966–67; in 1996, it was renamed Park City Mountain Resort . The resort had grown to include eight peaks and nine bowls, with 3,300 acres (5.2 sq mi; 13.4 km) of skiing and sixteen chairlifts. The resort has also developed summer activities including an alpine slide , alpine coaster, zip-lines , and several hiking and biking trails. A sister ski area, originally known as Park City West and later as Canyons Resort , opened in 1968. Deer Valley Resort opened in December 1981, at

2205-435: The threat of the closure of the resort. PCMR had leased the land on which its ski runs are located for $ 155,000 per year, with an option to renew the lease for 20 years. In March 2011, when this option came due, POWDR failed to renew the lease in a timely manner and sent a letter two days after the lease had expired. Eight months later, POWDR received a letter from Talisker that their lease had expired and they were to turn over

2254-575: Was named the Black Family Skating Rink after Leon Black. Rob Katz, a former executive at Apollo, ran Vail Resorts as CEO until November 2021, when he was appointed executive chairperson of the board. Kirsten Lynch, the company's former chief marketing officer, then took over as CEO. In June 2024, Vail Resorts reported lower-than-expected revenue during the February-April quarter due to a significantly warmer-than-anticipated winter across western North American resorts, with snowfall 28% lower than average. The company generated $ 1.28 billion in revenue during

2303-408: Was opened on December 21, 1963, as Treasure Mountain by United Park City Mines, the last surviving mining corporation in Park City, and the resort was opened with funds from a federal government program to revive the economically depressed town. When it originally opened, it boasted the longest gondola in the United States, as well as, a double chairlift , a J-bar lift , base and summit lodges, and

2352-544: Was renamed the Canyons Village at Park City and the entire combined resort now operates under the Park City Mountain Resort name. Park City mountain resort is home to many ski schools run by the mountain, but is also home to privately owned ski schools. In 2017, the various individual clubs came together to form one organization - Park City Ski & Snowboard Club. For the 2018 season, Doppelmayr constructed

2401-576: Was sold by the Gart family in the 1990s and then recently sold again to Sports Authority , which discontinued the use of the Gart Sports name in 2006. In 2010, Vail completed the buyout of the Specialty Sports Venture brand and is now the 100% owner of all SSV operations. In addition to all of the ski shops in the Vail Resorts portfolio of ski areas, the SSV chain of stores includes Bicycle Village in Denver, Colorado Ski & Golf, Boulder Ski Deals, Aspen Sports, Telluride Sports, and Mountain Sports Outlet in Summit County and Glenwood Springs and many others. SSV

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