More corporate welfare for ski fields
Stuff reports:
Cabinet has signed off on an additional support package of more than $7 million for the troubled Ruapehu Alpine Lifts.
RAL went into voluntary administration last year, $45m in debt due to a bad ski season and the Covid-19 lockdowns.
Regional Development Minister Kieran McAnulty said Cabinet decided on Monday that $7.35m will be provided to RAL to allow the continued operation of its ski field operations until March 2024.
Earlier this year, the government promised up to $5m to the liquidators of Ruapehu Alpine Lifts to ensure the 2023 ski season could go ahead.
When will it stop?
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