Billionaire Wants to Buy Park City Mountain

Tech billionaire Matthew Prince is throwing down the gauntlet to buy Park City Mountain, his hometown ski resort, arguing Vail Resorts is mismanaging its assets and needs to ditch its global ownership model for a franchise approach. With $500 million ready to upgrade infrastructure and share profits with employees, Prince envisions an inclusive, world-class resort accessible to locals and visitors alike — even proposing local ownership to rebuild trust. Vail CEO Rob Katz firmly rejects the sale, insisting their diversified portfolio offers stability amid climate change, and mocks Prince’s model as too McDonald’s-like. Prince insists selling Park City would actually boost Epic Pass sales and unlock the resort’s true potential — and he’s not backing down. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d20e5e4518fdc6ea