Snowboarding Forum - Snowboard Enthusiast Forums banner

1 - 20 of 26 Posts

·
Premium Member
Joined
·
769 Posts
It said in the paper that they have no intention of evicting them or disrupting the season, they're just advancing the legal process. Park City is getting the land nearly for free and Vail likes money.

Edit: Ah, looks like they missed a deadline on their lease renewal option so they tried to backdate it. Two days late meant the difference between 150k for the land vs millions of dollars. That's quite a screwup.
 

·
Registered
Joined
·
239 Posts
Edit: Ah, looks like they missed a deadline on their lease renewal option so they tried to backdate it. Two days late meant the difference between 150k for the land vs millions of dollars. That's quite a screwup.
:huh: Somebody's getting fired.
 

·
Premium Member
Joined
·
395 Posts
It's PCMR's fault for getting the check in late. Vail is just doing what a company should, seeing an opportunity and taking it.

-getting a foothold in Utah (check)
-taking business away from competitors (check)


As an Epic Pass holder I am ecstatic, but I am also getting scared by Vail Resorts empire growing. I hate monopolies, it's never good for customers...
 

·
Premium Member
Joined
·
769 Posts
I disagree that companies "should" be put profit above ethics. I'm not surprised, and don't realistically expect any less. It was clearly PCMR's fault if that's true, but some kind of late fee and wagging of the finger would be more than appropriate. Seems ruthless and vulture-like, and Vail increasing their monopoly is inevitably bad for riders. Epic pass is indeed a sweet deal, but it only exists because there is at least a bit of a market.
 

·
Registered
Joined
·
271 Posts
PCMR are a bunch of idiots. You know the company you lease from is owned by Vail who recently picked up The Canyons... why the heck would you give them any excuse to throw you out on your ass?? You are basically renting it for free too. I hope PCMR gets thrown out. I hate stupidity. Especially when the company that screws up whines about it and tries to play victim.
 

·
Registered
Joined
·
12,608 Posts
It's TALISKER not VAIL that are doing the law suit. Vail stands to win out of this because of Powdr Corps stupidity. But don't let their rally cry of 'Blame Vail' make you believe Vail is the one behind anything. Vail just happened to be like oh shit there's resort land we can lease, fuck yeah!
 

·
Premium Member
Joined
·
769 Posts
No, it's actually Vail. When Vail bought/leased canyons from Talisker, they also bought the rights to the lawsuit and any outcome. If they win, Vail gets to operate PCMR. Talisker has since assigned Vail to handle the case.

PCMR, in open court, challenges Talisker Corp.-Vail deal - The Park Record

"The Talisker Corporation-Vail Resorts deal, announced in May, includes the possibility of Vail Resorts operating PCMR, depending on the outcome of the lawsuit. Vail Resorts assumed the lead role in the case for the Talisker Corporation side as a part of the deal."

Apparently the backdating happened way back in 2011, but they just noticed now, so it is a bit slimey. It's not unlikely that Vail knew about this detail before the Talisker deal, which would be why they bought the rights to the lawsuit.

My bet for what Vail's strategy is: They demand very high rent from PCMR and totally kill their margins, slowly bleeding them to death if they do decide to pay, or they take it over in a sale deal when they can't pay. It will probably end with Vail buying PCMR at a huge discount one way or another (unless the court rules for PCMR). PCMR already had a lawsuit with Talisker admitting that they were late, but that Talisker knew their intent and cashed their checks. Both sides accuse the other of bad faith/sneaky things. In some cases cashing the rent check means the deal is back on, no idea if it would apply in this case, but now that Talisker/Vail dug up the backdating thing, it seems like they're using that to basically allege fraud, and arguing that lets them terminate the lease regardless.
 

·
Registered
Joined
·
239 Posts
Any chance PCMR becomes an epic pass resort this season or is it going to move much slower than that? Heading there end of February and would love to not have to shell out more $.
 

·
Premium Member
Joined
·
769 Posts
My bet for what Vail's strategy is: They demand very high rent from PCMR and totally kill their margins, slowly bleeding them to death if they do decide to pay, or they take it over in a sale deal when they can't pay. It will probably end with Vail buying PCMR at a huge discount one way or another (unless the court rules for PCMR).
Called it, Vail makes an offer to buy Park City...

Vail Resorts Makes Buyout Offer To Park City In A Surprise Move
 

·
Registered
Joined
·
854 Posts
Wow. That's a major fail for PCMR. But at least it happened now when there are only 10 seasons left according to The A. Powers Climatic Institute of London.
 

·
Registered
Joined
·
90 Posts
So Park City fucks up by not paying their lease on time yet still points the finger at Vail, calling them the bad guys?

Lol. Vail's got a legit case and their foot in the door; now, there's gonna be no stopping them. Park City will be theirs within the next few years.
 

·
Premium Member
Joined
·
769 Posts
Well, Vail are bad guys no matter what. It's bad for customers if they own everything. These companies don't tend to get smaller, only bigger. So it's moving toward an oligopoly quickly. Choice and competition is an absolute necessity if you want to avoid a dysfunctional market.
 

·
Registered
Joined
·
90 Posts
Well, Vail are bad guys no matter what. It's bad for customers if they own everything. These companies don't tend to get smaller, only bigger. So it's moving toward an oligopoly quickly. Choice and competition is an absolute necessity if you want to avoid a dysfunctional market.
I agree, but Park City screwed up and Vail wouldn't have bought the rights to the case if there wasn't merit behind it. I'm pulling for PC but it sounds like they have a serious legal battle ahead of them.
 
1 - 20 of 26 Posts
Top