Ohakune in limbo as Ruapehu Alpine Lifts in financial strife
A very deep financial hole has left locals and businesses around Ruapehu in limbo. Ruapehu Alpine Lifts has announced it's appointed administrators PWC, to work its way out up to $50 million of debt. It's not just those who work on the mountain, but the people whose livelihoods depend on visitors coming to enjoy the slopes every winter. And as Katie Todd reports from Ohakune, they are calling on the government to help save a valuable asset.
Source: rnz.co.nz