New owner of Utah’s Snowbird resort is co-founder of Powdr Corp.
SALT LAKE CITY — Ownership of Utah’s Snowbird Ski & Summer Resort is changing hands.
Resort co-founder Dick Bass announced Monday that majority interest is going to a Wyoming businessman whose family owns a series of Utah ski areas.
Ian Cumming, a co-founder of Park City-based Powdr Corp., is taking ownership.
But the agreement won’t involve Powdr Corp., which owns Park City Mountain Resort, Gorgoza Park and seven other resorts across the country, including Copper in Colorado.
The price and terms of the deal weren’t disclosed.
The Salt Lake Tribune reports Bass remains chairman of the board and the resort will retain current management as it plans renovations.
In a pending lawsuit against Powdr Corp., Vail Resorts alleges that Park City Mountain Resort didn’t renew its lease on time.
Powdr says the allegations are unfounded.
Company officials say every aspect of Vail management is now focused on attaining the company’s goal of achieving a zero net operating footprint by 2030. Vail Resorts calls the plan their “Commitment to Zero,” and defines it a zero net carbon emissions by 2030, zero waste to landfills, and zero operating impact on forests and natural habitat.