Ernen Ernergalen Project is No More-Victim of a Strong Franc


Ernen Ernergalen Project is No More-Victim of a Strong Franc

Started by Bandit in Switzerland - 1 Reply

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Re:Ernen Ernergalen Project  is No More-Victim of a Strong Franc

Bandit posted Jun-2011

Do you recall the press stories a couple of years ago about the British businessman who purchased a Swiss Ski Resort for 1 Swiss Franc?

It would seem that the project has been scuppered by the strength of the Franc.

The decision sounds the death knell for the small resort located near the Italian border.

Article in Swiss Info today:
Edited 1 time. Last update at 20-Jun-2011

reply to 'Ernen Ernergalen Project is No More-Victim of a Strong Franc'
posted Jun-2011

Erner Galen was a very nice little ski area, it has an excellent snow record and a short walk from the top station gave access to some excellent powder skiing.

The plans seemed to be very ambitious for a place of that size. There is very little potential for expansion and the terrain is either almost flat or steep to very steep. It's difficult to see how they were going to link it to the other nearby resorts as they are all on the other side of the valley, the only option I can think of is by bus. The journey time to one of the resorts listed (Belalp) is about 45 mins. plus the time needed to get up to the slopes in the cable car.

It was going to be marketed as a beginners resort, but even when the exchange rate was much better it would probably still have been much more expensive than the beginner oriented resorts in Austria.

There were other problems as well as the weakness of the pound, two villagers refused to sell the land on which he hoped to build the hotel and projected cost of the hotel was much higher than he expected.

Topic last updated on 21-June-2011 at 00:04

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