The majority share of Utah’s Snowbird Ski & Summer Resort聽, owners of Powdr Corporation and whose family flag most notably flies on the .
In a joint statement released with , 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 聽is a family-owned, private company. Powdr owns properties across California, Colorado, and Utah.聽
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,聽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. 聽
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, . Longstanding owner Bass will remain chairman of Snowbird’s board.