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."
The Crown’s preferred bidder for the insolvent Whakapapa skifield has walked away from negotiations, throwing the future of skiing in the North Island, and.
Cabinet to decide on proposal to split the running of Ruapehu skifields stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.