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Mountain Ski Resort Up For Sale - For 1 Euro

A ski resort in Carinthia is up for sale – for one euro.

The Petzenbahnen that had a multi-million pound price tag when it was acquired by the local council's tourism holding company KHT is now up for sale at a massive discount in order to attract an investor that will have money to spare to develop the region.

And the offer is sweetened by the fact that subsidies of around 1.77 million EUR will also continue to flow, and have been included in the province's budget.

The ski resort has a total of 26 kilometres of runs including 12 kilometres of the easy blue runs, 11 kilometres of medium difficulty red runs and three kilometres of harder black runs. There is also a snowboard park and a cross-country skiing and skating rink.

For winter tourists the ski resort also has one restaurant and four ski huts, as well as a children's nursery slope and a child lift, a ski school and a shop offering snowboard and ski hire.

Carinthian governor Peter Kaiser (SPOe) said that any other option, for example allowing it to close, would end up costing five times as much simply selling it for a symbolic amount.

He said the resort was a valuable part of the local economy and had to be saved to ensure jobs and tourism are protected.

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