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Show A-5 The Park Record Wed/Thurs/Fri, June 28-30, 2006 CITY BEAT Developer sues Talisker CITY EDITOR: Jay Hamburger 649-9014 ext.111 citynews@parkrecord.com Has Your Realtor Shown You These? TWO GREAT COLONY LOTS 170 WHITE PINE CANYON ROAD He claims he is owed $3.5 million after his ousting This 11.15 acre homestead boasts a rare combination of views, privacy, sun and ski access. Bounded on the uphill side by open space and ski runs, it also possesses wonderful down- valley views to the Uintas and Iron Mountain. It is surrounded by a beautiful Fir and Aspen forest, yet basks in abundant sunshine. Step into you skis or snowboard and you are instandy enjoying first tracks on some of die best terrain in The Canyons. By JAY HAMBURGER Of the Record staff A Park City developer, charging that Empire Pass executives fired him from the team building the ritzy Deer Valley project, is seeking at least $3.5 million from Talisker Deer Valley. In a lawsuit filed in Third District Court at Silver Summit, lawyers for Richard Albrecht bring seven claims against Talisker, including breach of contract and an allegation that Talisker did not deal fairly or in good faith. The nine-page lawsuit affords a rare, detailed chronology of the alleged intrigues of high-stakes development in Park City, where the hot real-estate market and the expansion of resort projects to outside of Park City has made the industry lucrative for scores of Parkites. Albrecht, who the lawsuit says lives on Lucky John Drive in Park Meadows, claims that Talisker ousted him on Aug. 4, 2005 after a successful run with the company. Talisker offered a severance package but Albrecht's side says that the offer was too tow and, since then, the two sides have failed to reach an agreement. Albrecht's interest in Talisker, the lawsuit says, extends to 2004, when a recruiter wanted to approach Talisker with his name. At the time, Albrecht was managing a development on the Big Island of Hawaii and could have stayed with that project indefinitely, according to the lawsuit. Quickly, Albrecht was adamant that, if he joined Talisker,*he wanted to "manage and run an entire project at Deer Valley" but had concerns about the role of Mandy Scully, a high-ranking Talisker executive. Talisker gave in, the lawsuit says, and Jack Bistricer, the company's chief, indicated Albrecht that Scully would be shifted to the firm's Toronto headquarters. After more negotiations, the sides agreed that Albrecht would OFFERED AT $2,195,000 177 WHITE PINE CANYON ROAD Beautiful, mature Aspens grace this 5.02 acre homestead and frame 270° down-valley, Iron Mountain and Pine Cone Ridge views. Outstanding ski-in/out access and very good sun exposure throughout the day. Convenient access to a proposed Colony private hiking trail. OFFERED AT $1,795,000 GRAYSON WEST/PARK RECORD Empire Pass is under construction on the slopes of Deer Valley. A former member of the Empire Pass team recently sued Talisker Deer Valley, the developer, after he says he was fired. "have total management authori- included perks like a seven-year ty" over Ttohaye, a golf develop- interest-free loan to purchase a lot ment in Wasatch County, 70 per- at Tuhaye. His compensation was cent authority over Empire Pass later changed so that he would and 50 percent authority over earn 3 percent of the first $10 milwhat is planned as a resort devel- lion of the project's yearly profit opment in the Bonanza Flats area plus .05 percent on the profit of Wasatch County, where there above $10 million, a memoranwas talk of a lodge under the dum submitted as evidence in the Ralph Lauren Polo brand, accord- lawsuit says. ing to the lawsuit. Albrecht's side claims he was Albrecht says in the lawsuit he successful at Talisker, increasing would eventually be given "com- sales from $1.9 million in 2004 to plete authority" over all of the more than $80 million in 2005. projects and that he would stay However, Bistricer began to with Talisker throughout the distance himself from Albrecht, development. not informing him of meetings and In a copy of a June 16, 2004 e- not taking phone calls or returning maii filed with the lawsuit, e-mails, and Albrecht in early Bistricer outlined the agreement April 2005 discovered that between Talisker and Albrecht'. Bistricer wanted to hire a CEO to saying that, "it is with delight and oversee the Deer Valley developenthusiasm that I write to summa- ment and serve as Albrecht's boss, rize our discussions of your the lawsuit claims. employment at Talisker Deer Bistricer denied that was the Valley." case and told Albrecht that the "Richard, I think that we CEO was to be the chief of together can create one (of) the Taliskers global operations, the best mountain, multi season group lawsuit says. of communities that will be the Dave Smith, a Talisker attorplace of choice in the next twenty ney, declined to comment about years to come. Talisker Deer the lawsuit's allegations. Valley can be one of the finest He said that Talisker plans to companies, if we all give it all we contest Albrecht's assertions. got to create something fresh Albrecht declined to comment. the e-mail says. An attorney for 'Albrecht did The e-mail indicates that not immediately return phone Albrecht was to be paid $300,000 messages seeking comment about as a base salary and the deal the case. 109 WHITE PINE CANYON ROAD SPECTACULAR RIDGE HOMESTEAD Be stunned by the trifecta of views-Uinta, Iron Mountain, and down valley-from this coveted ridge lot with easy ski access. Combine with Lot #108 for a remarkable, private 12 acre csmrc-. 5-27 acres. OFFERED AT $1,995,000 IRON CANYON LOT 2463 IRON MOUNTAIN DRIVE With the scarcity of lots in Park City, it is remarkable that one of the finest Iron Canyon home sites is now available. Perched at the top of Iron Mountain Drive, this lot commands panoramic views of Iron Mountain, Quarry Mountain, Park Meadows and the Uintas beyond. At 2.75 acres, it backs up to wilderness, yet is only minutes from Main Street. OFFERED AT $900,000. With over 60 years of combined experience in Park City, our sales team offers you a quality and successful Real Estate transaction. Whether you are selling your property or a new buyer to the market, we look forward to helping you achieve your Real Estate goals. Diane Miller, Dick Stoncr, Bob Marsh, John B a m www.TheColonywpc.com* Office 435.649.3411 • Fax 435.658.0049 2200 Saddleview Drive, Bfdg. B ParkCily, UT 84063 Utah Real Estate 800.553.4666 4y PARK CITY JOIN . 1884 us.... • • : • # • . • 4TH OF JULY' r •£ Apply Now for Public Art Advisory Board Membership The Mayor and City Council invite residents of Park City to apply for the Public Art Advisory Board. This board makes recommendations to City Council regarding public art expenditures. Meetings are held the 2nd Wednesday of each month, or as needed. Terms are two years, beginning July 1st. The deadline to apply is July 10, 2006. 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