ASC moving HQ to Park City

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Denver (AP) - Ski-resort operator American Skiing Co. plans to move its corporate headquarters from Newry, Maine, to Park City, Utah.

The Rocky Mountain News, citing unidentified company sources, reported Friday that the owner of the Sunday River ski resort in Maine, the Steamboat Ski Resort in Colorado and other ski areas plans to set up a new office at or near The Canyons ski resort, which it acquired in 1997.

The move likely will be completed this summer. Chief Executive Officer B.J. Fair and Chief Financial Officer Mark Miller recently bought houses in the Park City area, the newspaper reported.

American Skiing has been headquartered in Maine since it was formed in 1997 as a publicly traded company. It will continue to operate the Sunday River resort at Newry.

Spokesman Erik Preusse declined to confirm the move to the newspaper.

"Periodically, the company puts resources where it feels they are needed," Preusse said.

Preusse said he did not know how many people work at the Newry office.

"A move like this would add additional power to Utah's ski industry, both in terms of destination skiers and marketability for the state," said Shawn Stinson, spokesman for the Park City Chamber of Commerce and Visitors Bureau.

American Skiing poured millions of dollars into The Canyons before the 2002 Salt Lake City Olympics and appears to have made it a centerpiece of its growth plans, Stinson said.

American Skiing has a debt of about $380 million. It recently sold its Heavenly Ski Resort in California to Vail Resorts Inc. for about $100 million after backing out of a deal to sell Steamboat.

The Canyons is one of three major ski resorts in the Park City area, along with Park City Mountain Resort and Deer Valley Resort. The Canyons logged 287,843 skier visits in 2001-02, compared with about one million at Steamboat.