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Fire Sale Alert: Austrian Ski Resort On Sale For Only One Euro

Calling all ski investors, the Daily Mail is reporting that an Austrian ski resort is officially for sale at the paltry price of only one euro. Called Petzen and located in the Carinthia region, the ski area has a restaurant, four ski hurts, and around 26 kilometers of ski runs. So why the low price tag? The resort originally went for several million euros when it was bought by the local council's tourism company, KHT. But with upgrades and new development necessary to turn a profit, the council is hoping to sweeten the deal for a wealthy investor who can reboot the region. As if paying one euro for a ski area wasn't enough incentive, investors will also receive loads of subsidies if they develop the area. Who's buying?
· The perfect purchase for ski fans! Austrian mountain resort on sale for just 82 PENCE [Daily Mail]