In a dramatic, eleventh-hour turnaround, the insolvent ski resort on the Karkogel mountain in Abtenau (Tennengau) has been saved. Following intense, down-to-the-wire negotiations, the Salzburg Raiffeisen Association and the local landowners—who had previously refused to sign a critical lease extension—reached an agreement on Tuesday afternoon.
The breakthrough comes just in time. Had the lease agreement until 2045 not been signed, the restructuring process would have collapsed entirely, triggering the liquidation of the company’s bankruptcy assets on July 1st.
High-Stakes Negotiations Deliver a Future
“It was a tough process,” admitted Raiffeisen Association spokesman Sigi Kämmerer. “It required many trust-building discussions over…