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Struggling New Zealand Ski Resort Almost Purchased, Future Uncertain

People's hopes were high, when this week, there was news of a potential buyer. Radio New Zealand even reported that "Tom Elworthy and his partners were the government's preferred bidder for assets of the Whakapapa skifield on Mount Ruapehu." But Elworthy said the deal was not worth it and "no one would be willing to take on a business with more than $15 million of debt repayments and other risks."
North Island New Zealand General New Zealand Mount Ruapehu New Zealanders Carmel Sepuloni
Source: yahoo.com

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