Park City Councilor Bill Ciraco holds stock in Park City Mountain owner Vail Resorts through an IRA account, a brokerage statement he included as part of the required annual disclosure of potential conflicts of interest shows. The holding was included in a broader submittal by the first-term cit y councilor, who was elected in November 2023. Ciraco included the December statement for the IRA account at Oppenheimer Co. Inc. in the disclosure. It is highly unusual for a Park City elected official to include a full brokerage account statement in a disclosure. The IRA account had 250 shares of Vail Resorts as of Dec. 31. They were acquired in two transactions — a purchase of 100 shares on May 1, 2024, and a purchase of 150 shares on Sept. 9, 2025. The average share price between the two transactions was $165.44, with a combined acquisition total of $41,360.05. The value at the time the report was generated was $33,200. The value early in the week was approximately $37,000. The shares represented 4.35% of the portfolio and generated an estimated $2,220 in annual income at the end of 2025. He described the holding as immaterial to his net worth and said the investment does not influence his decision-making as a city councilor. Colorado-based Vail Resorts has a large footprint in the ski industry, with properties across North America and international destinations. It acquired Park City Mountain in 2014 and linked it with what was then the standalone Canyons Resort, creating the mountain resort of today. Vail Resorts has had a strained relationship with segments of the Park City community in the decade-plus since the company arrived. There have been concerns about the management of the mountain resort, worries about the impact of lift upgrades, a high-profile strike by ski patrollers and a dispute about a since-abandoned bid by the company to secure a trademark for the name “Park City” as it applies to a mountain resort. Vail Resorts has also received praise for its philanthropy and sustainability efforts. Ciraco said he has followed Vail Resorts since at least 2009. He worked on Wall Street at the time and recalled acquiring shares in Vail Resorts in the range of $33 per share as part of a fund he managed on behalf of clients. That tranche was sold years ago in the range of the mid-$40s per share, he said. The stock price has trended down since reaching highs in 2021. Ciraco said Vail Resorts owns “a lot of really good assets.” He said, though, he hopes the firm operates in a better fashion than it has in recent years, contending a falling stock price is evidence of the need for that. Ciraco added he would like the guest experience at Park City Mountain to improve for the good of the community. He noted his support for the ski patrol union during the strike, which unfolded over nearly two weeks in late 2024 and early 2025. He visited the picket line, bringing the striking ski patrollers hot chocolate and cookies. Ciraco delivered comments at a City Council meeting as the Park City Professional Ski Patrol Association returned to the slopes. His comments at that meeting included: “The patrollers union, the resort have reached an agreement. And (what I’ve) asked the people here in Park City is, like, let’s look towards resetting the narrative and starting fresh. And trying to work with both of those partners, both our workforce and the resorts, to see if we can, you know, we can turn things around and bring Park City back to where it should be and have it known for what it should be known and not for labor actions and strikes and poor corporate behavior, whether that is the case or not.” Mayor Ryan Dickey and the other four members of the City Council said they do not hold shares of Vail Resorts. The post Park City official discloses holdings of stock in Vail Resorts appeared first on Park Record. ...read more read less