The Redford family throws the towel…

For a long time, I’ve been wondering when and how Robert Redford, who is now 84 will organize his succession and was told last year that his children would probably take over the management of his iconic ski resort. 

Well, since December 14, this has changed, as we’ve learned that Robert Redford is selling Sundance, his ski and mountain resort close to Park City, to a real estate investment group specializing in the hospitality industry. 

Global warming and the required large investment to keep going probably played a big role with that decision. The transaction includes all the resort buildings, ski lifts, on-site dining venues, and event spaces. 

Today, the resort offers 450 acres of skiable terrain spread across 44 trails, 2,150 feet of vertical served by five lifts, a year-round ZipTour, summer mountain biking, and hiking. Redford bought the small Timp Haven ski area in 1969. 

The sale hinges upon an agreement aimed at preserving and building on the Redford legacy, including a continued commitment for responsible development and land preservation. The 2,600-acre resort includes 1,845 acres of land preserved through a conservation easement and protective covenants. 

The buyer, Broadreach and Cedar, said it would improve the ski experience, try to increase the resort bed base, and continue the development of creative and cultural activities. The sale does not affect the Sundance Institute and Sundance Film Festival, Sundance Catalog, Sundance TV, or the Redford Center.