the festival each year. The small town that surrounds the resort is home to 28 full-time residents, with many residents living in the area more than 50 years. Several notable people have owned residencies in the Sundance Resort properties, including Sidney Pollock, William Devane, and Daniel Melnick. New ownership Robert Redford reached an agreement to sell the 2,600-acre resort to Broadreach Capital Partners and Cedar Capital Partners. He announced the sale to employees on December 11, 2020. Though the resort has been Redford's Utah home for more than a half-century, it also "created a lot of weight for me to be carrying around", Redford told the Salt Lake Tribune in December 2020, ahead of the announcement of the sale. "I had been searching for years for the right people to take it to the next level, so that I could take that weight off my shoulders and enjoy my life". As part of the sale, Broadreach and Cedar have committed to continue Redford's policies of responsible development and land preservation. The resort's 2,600 acres include 1,845 acres that are preserved through a conservation easement and protective covenants. There has been speculation among locals that the purchase was in fact a lease amendment, transfer, or option on the original 100-year lease agreement entered into between Redford and the Stewart family back in 1968 when Redford acquired the Timp Haven Resort from them. The terms of Redford's purchase have not been confirmed since the details of the sale remain private. The reasons for the speculation are also unknown. Recent developments Skiing trails Today, Sundance Mountain Resort has skiing for every ability, with 20% beginner trails, 40% intermediate trails and 40% advanced trails. The resort terrain climbs 2,150 vertical feet () up the northeast slope of Mount Timpanogos, reaching the crest of the ridge at Bearclaw Cabin. This restaurant at the resort's apex of provides spectacular 360° views of the surrounding landscape, and of Mount Timpanogos as it rises to a height just short of . Chairlifts In 1994, CTEC constructed a fixed-grip quad named Ray's, to honor Ray Stewart and his work in developing Timp Haven. The lift offered direct access to the back of the mountain and covered over 5,400 feet with a vertical rise of 1,400 feet, with an uphill capacity of 1,800 people per hour. The mountain is serviced by four chairlifts and a handle tow for beginners at