Last week, Quebec’s Minister of Sustainable Development, Environment, and Parks, Line Beauchamp, announced what many would consider to be the deal of a lifetime: the sale of the Mont Orford ski and golf resort for the price of $1. No, this isn’t a hoax – buy now, and you get all of the resort’s buildings and surrounding area (located within the spectacular Parc National du Mont-Orford, in the Eastern Townships) for a mere loonie. To sweeten the deal, even the chairlifts are thrown in.
There’s always a story behind every fire sale. In this case, the Quebec government has been operating the resort for some time now, but doing so in the red: the dismal results (yearly losses of around $2 million) have provided ample ammunition for free enterprise diehards who say that government should stick to politics (and bailing out banks?).
True to form, as is the case with any deal that seems too good to be true, there’s a catch. Having forked over a dollar, eventual investors must then sign a contract promising to keep the resort in operation for a minimum of 5 years. As a guarantee, they’ll also have to put down a $4 million dollar deposit. For those undeterred by this technicality, bids are being taken until May 28th. Sadly, if no earnest entrepreneurs come forth by this deadline, the resort will be closed down.