- Associated Press - Tuesday, May 13, 2014

SALT LAKE CITY (AP) - Ownership of Utah’s Snowbird Ski & Summer Resort is changing hands.

Resort co-founder Dick Bass announced Monday that majority interest is going to a Wyoming businessman whose family owns a series of Utah ski areas.

Ian Cumming, a co-founder of Park City-based Powdr Corp., is taking ownership.

But the agreement won’t involve Powdr Corp., which owns Park City Mountain Resort, Summit County’s Gorgoza Park and seven other resorts across the country.

The price and terms of the deal weren’t disclosed.

The Salt Lake Tribune reports (https://bit.ly/QqfvAs) Bass remains chairman of the board and the resort will retain current management as it plans renovations.

In a pending lawsuit against Powdr Corp., Vail Resorts alleges that Park City Mountain Resort didn’t renew its lease on time.

Powdr says the allegations are unfounded.

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Information from: The Salt Lake Tribune, https://www.sltrib.com

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