According to the state of Upper Austria, the Kasberg ski area has filed for bankruptcy

2023-07-13 13:56:00

Further funding commitments would have contradicted the state’s legal regulations and funding guidelines, because subsidies to companies “in financial difficulties” are prohibited.

The family ski area with its 10 lifts and 23 kilometers of slopes has been struggling with financial problems for a long time. In 2016, the state and the municipalities of Grünau im Almtal, Pettenbach, Scharnstein and Vorchdorf, which took over the operation, decided to cover losses of the operating company up to an amount of EUR 1 million annually for 10 years. In return, the country had demanded an overall tourism concept. However: A summer operation fails because of the landowners and a viable concept without summer operation hardly seems realistic.

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Upper Austria

Kasberg-End triggers anger and horror in the Almtal

GREENAU IN THE ALMTAL. Ski operations on the Kasberg are to be finally closed following 55 years: According to the bad news from the state government, …

Kasberg-End triggers anger and horror in the Almtal

On Thursday, Achleitner invited the mayors of the four municipalities that own Almtal Bergbahnen to a meeting regarding the Almtal-Kasberg master plan they had commissioned. It presents two future scenarios for the mountain railways, “which require investment costs of 32 million euros or even up to 60 million euros, which would be financed 100 percent by the state”. Because of the financial situation of the mountain railways, such use of tax funds by the state is “completely unrealistic and economically irresponsible,” according to the provincial councilor. The master plan also contains suggestions for year-round gentle tourism. The country is very well prepared to support implementation here,” he said.

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Upper Austria

Kasberg ski resort is insolvent: operations are suspended forever

LINZ/GREENAU. Last winter, the turnover of 1.5 million euros was offset by a loss of 1.3 million euros – master plan should ideas for …

Kasberg ski resort is insolvent: operations are suspended forever

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#state #Upper #Austria #Kasberg #ski #area #filed #bankruptcy

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