Powdr Explained

POWDR
Type:Private
Key People:Justin Sibley, CEO
Foundation:1994
Founder:John Cumming
Location:Park City, Utah

Powdr Corporation, stylized as POWDR, is an American privately held company that owns and operates ski resorts in the United States and Canada. It is headquartered in Park City, Utah, and was founded in 1994 by John Cumming, an early investor in the clothing company Mountain Hardwear with his father Ian. [1] [2]

History

Powdr was founded by John Cumming in 1994[3] with the purchase of the Park City Mountain Resort in Park City, Utah, about 30 miles outside of Salt Lake City. Later that year, the company bought the Alpine Meadows ski resort near Lake Tahoe, California. In August 1995, the company bought the Boreal Mountain Resort near Lake Tahoe and the Soda Springs ski area near the Donner Summit by Soda Springs, Nevada County, California. In April 2001, Powdr bought the Mount Bachelor ski area in Central Oregon.[4] The company bought Las Vegas Ski and Snowboard Resort in November 2003. Powdr bought the Killington and the Pico Mountain ski resorts near Killington, Vermont, from American Skiing Company in May 2007,[5] and in December 2019 Powdr purchased SilverStar Mountain Resort, its first mountain resort in Canada.[6]

In July 2007, Powdr sold Alpine Meadows to JMA Ventures.[7]

In 2008, Powdr bought the Outside TV media venture, which it later sold in 2021 to Pocket Outdoor Media, which simultaneously renamed itself to Outside.[8]

Powdr bought Copper Mountain in Colorado in December 2009 from Intrawest.[9] Powdr bought "World of Adventure Sports Presented by GoPro", an Emmy Award-winning TV series on December 3, 2013.[10]

In July 2011, Powdr bought a majority share of Camp Woodward, an operator of youth summer camps established in 1970.[11] As of 2022, Camp Woodward destinations include Woodward Mt. Bachelor, Woodward Tahoe, Woodward West, Woodward Park City, Woodward Copper, Woodward Eldora, Woodward Pennsylvania and Woodward Killington. Woodward Sydney is planned to open in 2024.[12]

In June 2016, Powdr bought the 55-year-old Eldora Mountain Resort near Boulder, Colorado.[13] [14]

In December 2019, Powdr opened Woodward Park City youth sports complex.[15]

In 2023, Powdr was awarded the contract for Stovepipe Wells Village near the entrance of Death Valley National Park.

Lawsuits

Non-honoring of certain passes issued by prior Killington owner

In July 2010, a federal judge dismissed a class action lawsuit against Killington Resort over so-called 'lifetime' ski passes. Judge Christina Reiss found that the resort's current owner (Powdr) was under no legal obligation to honor previously issued investor season passes when it purchased Killington Resort in 2007.[16]

Loss of Park City lease

When Park City Mountain Resort, a Powdr resort, mistakenly failed to renew a "sweetheart lease" for a portion of its ski terrain acreage, the company was eventually evicted from the property and, after a protracted legal fight, "reluctantly" sold its remaining area assets to Vail Resorts for approximately 180 million dollars in late 2014.[17] [18]

Properties

Ski resorts

Western United States

Northeast United States

Canada

Camp Woodward youth camp locations

Other operations

Former properties

Notes and References

  1. Web site: John Cumming on Mountain Hardwear's Founding . February 11, 2021 . December 23, 2022 . OutInUnder.
  2. Web site: Last Chair: The Ski Utah Podcast . October 26, 2020 . Transistor.fm.
  3. Web site: Our people: About our founder . Powdr Corp. official website . January 16, 2023.
  4. Web site: admin . May 2, 2001 . Powdr Corp. gains ownership of Mount Bachelor . 2022-12-23 . . en-US.
  5. Web site: Patrick . Parkinson . Killington is sold to POWDR Corp. . 2022-12-23 . www.parkrecord.com . en-US.
  6. Web site: Powdr Corporation . Powdr acquires SilverStar Mountain Resort in British Columbia . 2022-12-23 . www.parkrecord.com . en-US.
  7. Web site: Rugh . Pete . April 6, 2007 . Powdr Corp. sells California's Alpine Meadows . December 23, 2022 . Ski Racing Media . en-US.
  8. Web site: Roepke . Michele . February 24, 2021 . Powdr Corp sells Outside TV . 2022-12-23 . TownLift, Park City News . en-US.
  9. Web site: Archived copy . 2021-10-06 . 2012-02-24 . https://web.archive.org/web/20120224015817/http://www.summitdaily.com/article/20091117/NEWS/911179997/1008%26parentprofile%3D1055 . . dead.
  10. Web site: Powdr Enterprises Acquires Adventure Sports TV series . Ski Area Management . 2013-12-03 . 2016-03-03 . https://web.archive.org/web/20160303212443/http://www.saminfo.com/news/powdr-enterprises-acquires-adventure-sports-tv-series . dead .
  11. Web site: Kirk . Andrew . Powdr acquires Camp Woodward . 2022-12-23 . www.parkrecord.com . en-US.
  12. Woodward to open first urban center in Sydney, Australia, one of several major investments in action sports . 2022-12-23 . November 15, 2022 . Camp Woodward . Powdr Corporation.
  13. Web site: June 6, 2016 . Powdr Acquires Eldora Mountain Resort . 2022-12-23 . Powder Magazine . en-US.
  14. Web site: Research . Teton Gravity . Chasing Icons: Powder Laps Through Eldora's Trees . 2022-12-23 . www.tetongravity.com.
  15. Woodward Park City to open December 14, public invited to grand opening celebration: Nation's First Year-Round, Action Sports and Ski Resort to Open for 2019–20 Winter Season . 2022-12-23 . Woodward Park City . Woodward Park City.
  16. News: 'Lifetime' Ski pass holders lose lawsuit against Killington. Edwards. Bruce. July 6, 2010. The Times Argus. July 6, 2010 .
  17. Web site: Mt Bachelor's parent co. Sells big Utah resort | News - Home . 2014-09-13 . 2014-09-13 . https://web.archive.org/web/20140913075900/http://www.ktvz.com/news/mt-bachelors-parent-sells-big-utah-resort/28038840 . live .
  18. Web site: Park City Mountain Resort Loses Lease After Costly Error – Law360. 2021-10-06. 2021-03-03. https://web.archive.org/web/20210303125629/https://www.law360.com/articles/540606/park-city-mountain-resort-loses-lease-after-costly-error. live.
  19. Web site: Park City Mountain Resort sold to Vail Resorts for $182.5M. 2014-09-11. 2014-09-11. https://web.archive.org/web/20140911220246/http://www.ksl.com/index.php?sid=31515553. live.
  20. Web site: Vail Resorts Acquires Park City Mountain Resort in Park City, Utah | Vail Resorts Corporate. 2014-09-11. 2014-09-12. https://web.archive.org/web/20140912000951/http://news.vailresorts.com/corporate/vail-resorts-acquires-pcmr.htm. live.
  21. Web site: Lee Canyon - April 4.

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