June 23 2014
The Bass and Cumming Families announced today that they have entered into a partnership for the future operation and development of Snowbird Ski and Summer Resort. The partnership will provide continuing direction and funding for major capital improvement projects, including a new restaurant and skier services building atop the Aerial Tram, a Four Diamond remodel initiative for the Cliff Lodge, and the future renovation of the Snowbird Center.
“This partnership will enable Snowbird to achieve more rapid growth and even greater benefits for our guests in keeping with our founding perspective and philosophy of providing a year-round destination mountain resort for the enhancement of body, mind, and spirit, with our ever present emphasis on environmental protection and sensitivity,” said Richard D. Bass.
In addition, Bass feels extremely fortunate to have the Cumming Family join in Snowbird’s future, owing to his inability to live and work at Snowbird’s altitude because of his advancing age.
“I look forward to working with the Bass Family and the team at Snowbird in providing world-class experiences on and off the mountain,” said Ian M. Cumming, an original investor in the Inn at Snowbird. Cumming owns a home at Snowbird and his family has a long history of skiing at Snowbird. “We are very happy to be involved at a place that has so many fond memories for our family,” said Cumming.
“Partnering with the Cumming Family ensures a bright future for Snowbird,” said Snowbird CEO and President Bob Bonar, one of the first employees when Snowbird opened in 1971. “Snowbird’s commitment to providing exceptional skiing and year-round hospitality, entertainment, and guest service will only greatly increase as we go forward.”
Snowbird’s current management team, led by Bob Bonar, Tom Jones and Jerry Giles, will remain in place. The partnership is between the Bass and Cumming Families and does not involve Powdr Corp. Mr. Cumming will own a majority share of Snowbird. Dick Bass will remain as Chairman of the Board.
For media information, please contact Emily Moench at EMoench@Snowbird.com or (801) 933-2047.
(This information will not be shared)