Snowbird Sold to Owners of Park City
The majority share of Utah’s Snowbird Ski & Summer Resort sold yesterday to the Cumming family, owners of Powdr Corporation and whose family flag most notably flies on the northeast side of Park City Mountain Resort.
In a joint statement released with Snowbird’s Dick Bass, Powdr founder Ian Cumming spoke to the growth of his family’s ski product. “We are happy to be involved at a place that has so many fond memories for our family,” he said.
The list price was not disclosed, as Powdr Corp. is a family-owned, private company. Powdr owns properties across California, Colorado, and Utah.
Powdr recently appeared in headlines after the company became embroiled in a lawsuit with Talisker Corporation, which owns Vail Resorts and a large swath of PCMR land. The parties went to trial early last month over the lease dispute, which could leave Vail in control of Park City.
In the meantime, we’re still waiting to see what’s in store for Snowbird after this change in leadership. Future developments could include construction of a long-discussed and controversial restaurant around the tram terminal on Hidden Peak.
One thing is sure, at least according to the new owners. The Cummings plan to keep the resort family run. “Ian raised his kids here,” Bob Bonar, Snowbird’s president and CEO, told the Salt Lake Tribune. Longstanding owner Bass will remain chairman of Snowbird’s board.