Our friends at Yobeat.com (who apparently still follow the snowboarding resort business world) pointed out this morning that a judge in the Park City vs. Talisker legal battle has decided that Park City must post a bond of $17.5 million by September 12, 2014 if it expects to operate the lifts on Talisker’s land this winter. Will they pay? A $17.5 million bond is chump change compared to how far the real estate value on all those slope side condos will fall when there are no slopes (or lifts) to be on the side of.
[Link: Yobeat.com and Salt Lake City Tribune]
