The cash-strapped Victorian government is planning to sell the operating rights of state-owned ski resorts at Mount Baw Baw and Lake Mountain and end the subsidies worth millions of dollars it pays each year to the loss-making alpine businesses.
The value of the 355-hectare Mount Baw Baw and 465-hectare Lake Mountain resorts, the closest alpine facilities to Melbourne and ones that provide entry-level ski and day-trip snow experiences, is unclear.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
