Concerns over financial viability of alpine resorts

This report comes from the ABC. May 23, 2012

Concerns over viability of alpine resorts

A report into the sustainability of Victoria’s alpine resorts has found Lake Mountain and Mount Baw Baw need continued government assistance to support their long-term viability.

A report by the auditor-general found the resorts have recorded financial losses and asset depreciation over the past five years, despite funding from the Department of Sustainability and Environment.

It identifies workforce and contractor costs as contributing to their poor performance, demonstrating the need for structural change.

The auditor-general’s office says the findings raise concerns about the long-term sustainability of the alpine resorts.

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