Today, as a personal challenge, I'll attempt to put in a few words my take about the leaders of Park City Mountain Resort, that about 4 years ago missed a deadline to exercise an option to renew their ridiculously cheap lease on thousands of acres of ski terrain.
Even though these folks were clearly at fault, they thought that the best defense would be some form of offense or some kind of bullying, took their dispute with their landlord to the court of public opinion and ended up with eggs on their face instead.
Those leaders, rich kids with a super rich dad, have been milking the resort they bought in the mid-90s without making any significant investments and have now lost their battle. Now, Vail Resort has become their de-facto landlord. The new operator is big, knows the business well and will be much better than the greedy, egoistical investor-family for the long term of the community.
Time to be reasonable, realistic and bow to the victors, guys if you are better business people than stubborn egomaniacs!
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