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Redford Sells Utah's Sundance Mountain Resort To 2 Companies

Robert Redford has agreed to sell the Sundance Mountain Resort in Utah to a pair of real estate investment firms. The Salt Lake Tribune reported Redford has reached an agreement to sell the resort to Broadreach Capital Partners LLC and Cedar Capital Partners Ltd. The renowned actor, filmmaker and environmental activist opened the ski destination in 1969 about 15 miles north of Provo. Redford announced the sale to employees Friday. The price was not disclosed. Benjamin Leahy of Cedar Capital Partners says the companies plan to improve Sundance’s infrastructure, adding some ski runs and a high-speed lift, among other upgrades.