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This reminds me of the way ski resorts work in the US. One company builds the ski resort (losing) but also develops all the real estate around it (winning). It
by CGMthrowaway 1y ago
This reminds me of the way ski resorts work in the US. One company builds the ski resort (losing) but also develops all the real estate around it (winning). It only works if it's a resort worth living near.
Or casinos, which are the reverse. Build hotels, entertainment etc (losing) to support traffic to your casino (winning)
- sam_lowry_ 1y agoWhy company? In France, ski resorts are often built by local authorities, not companies.
- stavros 1y agoThat's just not the sort of thing the US believes in.
- CGMthrowaway 1y agoYes very different in the US - good overview here https://www.instagram.com/reel/DQpuf_9CQz7/ https://www.instagram.com/reel/DQpuf_9CQz7/
- netsharc 1y agoWon't real estate near ski resorts become hotels? Or does the word "resort" mean there are on-site hotels?
- CGMthrowaway 1y agoThere are hotels but the real money for ski resorts is in the condos, timeshares and houses that are sold on the nearby land. When I said "ski resort" I mean lift-serviced terrain and all the supporting infrastructure for skiiers during the day