Park City Mountain Resort gave no indication Monday whether it will post the $17.5 million bond required for it to operate on the upper mountain this winter.
In the meantime, the two sides in the dispute, Talisker Land Holdings, LLC, which owns most of the ski terrain, and PCMR, which owns the base facilities, have been unable to mediate an agreement to operate as a cohesive ski area and have scheduled a pre-trial telephone conference on Sept. 30.
Third District Court Judge Ryan Harris set the bond amount during a hearing last Friday, giving PCMR until the close of business Friday, Sept. 12 to post the amount in the form of cash or a surety bond in order to for him continue his stay of PCMR’s eviction from the property it had leased from Talisker.
The PCMR side has been quiet since the bond announcement Friday.
However, after the judge’s decision, Talisker’s attorney, John Lund, released a statement urging PCMR to move toward a resolution.
"Talisker believes the uncertainty about the coming season must come to an end and obviously PCMR can do that right now by posting the bond in the amount determined by the Court. We respect the Court’s decision and will not be appealing it, even though the amount is below what we asked for and well below what Talisker will continue to seek in damages as the case proceeds," the statement reads.