| Type | Private |
|---|---|
| Founded | 1994 |
| Headquarters | Park City, Utah |
| Key people | John Cumming, chief executive |
| Website | http://www.powdr.com/ |
Powdr Corporation is one of the largest ski resort operators in North America, along with Boyne Resorts, Intrawest, and Vail Resorts. Unlike its competitors, Powdr focuses on ski area operations rather than real estate development. It is owned by the Cumming family and headquartered in Park City, Utah.[1] John Cumming, who co-founded the clothing company Mountain Hardwear, is the current CEO of Powdr Corp.
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Powdr was founded in 1994 by Ian Cumming with the purchase of Park City Mountain Resort.[2]
Later that year, the company expanded into California with the purchase of Alpine Meadows near Lake Tahoe.[3]
In August 1995, the company continued its expansion in California with the purchase of the Boreal and Soda Springs ski areas.[4]
In April 2001, Powdr acquired Mount Bachelor from a group of shareholders.[5]
The company bought Las Vegas Ski & Snowboard Resort in November 2003.[6]
Killington and Pico were sold to Powdr by American Skiing Company in May 2007.[7]
In July 2007, Powdr sold Alpine Meadows to JMA Ventures.[8]
Powdr acquired Copper Mountain, Colorado in December 2009 from Intrawest.[9]
Powdr was criticized for its refusal to honor lifetime season passes upon its purchase of Killington Resort and increasing pass prices at Mt. Bachelor. 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 owner was under no legal obligation to honor the investor season passes when it purchased Killington Resort in 2007. She also noted that in its purchase agreement with American Skiing Co., SP Land agreed to honor 37 'lifetime' passes, which did not include the names of the plaintiffs or the names of any class members. (A number of those lifetime passes were issued over the years to former employees). She said the investor pass certificates stated very clearly that the passes were valid 'so long as the Sherburne Corp., and that became Killington Ltd., continued to operate the lifts there' and that neither corporation exists today.[10]