One of Utah's biggest ski resorts to pay $17.5 M bond to stay open this upcoming ski season

One of Utah's largest resorts will open its slopes this upcoming ski season after agreeing to pay a $17.5 million bond that a judge said it must pay to keep the slopes open.

Park City Mountain Resort spokesman Andy Miller said Tuesday the resort has agreed to pay the money to ensure it can open for a 51st straight season.

The resort was in danger of closing this winter due to a long-running court battle with another major ski industry company.

A judge ordered the resort evicted in May after ruling it missed a deadline to renew a bargain-rate, decades-old lease it got from a mining company.

Its new landlord, real estate company Talisker, last year lined up a replacement: Vail Resorts, Inc., the country's largest ski resort operator.

Mediation between the two sides is ongoing.