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Buy a Canadian ski resort for $1 (Yes, there is a catch!)
The resort has been managed and operated by the Quebec Government for some time, and has continually run in the red. In fact, the resort has averaged a loss of $2 million a year, in part because the government was unable to use taxpayer money to promote Mount Orford. As a result, the bare minimum of funds were pumped into the operations, just to keep it up and running.
So what's the catch on this $1 deal of the century? Who ever ends up buying the resort has to agree to keep it running for at least five years, and lay down a $4 million deposit to cover that claim. Bids are being taken through May 28th, at which time if there are no buyers, the resort will be shut down and all on-site facilities will be dismantled.
Anyone want to pool our cash together to purchase the resort? I can cover that first dollar!