by Two Sisters Collective
The leaves may not be the only things potentially changing around here.
There is some movement behind the scenes at Vail Resorts, the company that owns Park City Mountain—and because what happens on our mountain has a way of rippling through the rest of the community, this caught our attention.
Oasis Management, an investment firm that owns approximately 6.2% of Vail Resorts’ outstanding shares, has proposed four new candidates for the company’s board. One of those candidates is Park City resident and Olympic champion Picabo Street. The other nominees are former Disney CEO Robert Chapek, Utah venture capitalist Bryce Roberts and financier M. Ashton Hudson. Vail Resorts has acknowledged receiving the nominations and said its board will provide its recommendations to shareholders in the company’s proxy materials.
In its filing with the Securities and Exchange Commission, Oasis raised questions about the guest experience, pricing, resort operations, year-round programming and Vail’s relationships with its mountain communities.
That last point naturally stood out to us.
What could this mean for Park City?
For now, possibly nothing—and certainly nothing immediate. These are proposed board nominees, and shareholders have not voted. There has been no announced change in the ownership of Park City Mountain.
Still, the conversation is worth following.
Park City Mountain is a major part of life here. Decisions made about the resort can touch everything from skiing and employment to traffic, local businesses and the overall experience of living in or owning a home in Park City.
As Realtors, we see firsthand that people do not choose Park City based on a house alone. They are choosing the mountain, the community and the lifestyle surrounding it. That is why decisions involving one of our largest resort operators matter well beyond the ski runs.
We also know that local feelings about Vail Resorts are complicated. Some appreciate the access and reach of the Epic Pass, while others have concerns about crowds, pricing, infrastructure and how connected the company feels to the Park City community.
We’re not here to tell anyone how to feel—but we are curious.
If you could change one thing about the Park City Mountain experience, what would it be?
We would genuinely love to hear from the people who live, work, ski and own property here. After all, nobody knows this mountain community quite like the people who call it home.
Eye on Park City is the local lifestyle and real estate platform from sisters Alison Barbaro and Amy Nalewaik of Two Sisters Collective at Berkshire Hathaway HomeServices Utah Properties.
