Oberwiesenthal Cashes in 10.4 Million Euros from the Cable Car Sale
Profit generated by Oberwiesenthal from the cable car sales
In the heart of Vogtland, business tycoon Rainer Glaess drops a whopping 10.4 million euros for the Oberwiesenthal cable car.
By Amelie Fromm
Oberwiesenthal - November 2024 witnesses the sale of the town's cable car and ski lifts. At a public gathering, the price tag was disclosed for the first time - a hefty 10.4 million euros, the amount vogtland entrepreneur Rainer Glaess (65) is ready to invest.
"It's a deal without conditions. The city is thrilled, as it gets the funds it desired," Glaess spoke to the "Freie Presse".
The 10.4 million euros offer a significant financial boost to the town.
However, the sale wasn't motivated by financial gain, as per Mayor Jens Benedict (38, Bürgerbündnis EINZ).
"The drive comes from building the stairway to heaven." The city council plans to sign the purchase agreement on June 24.
Featured image: DPA
Additional Insights:
- Rainer Glaess is a successful entrepreneur with a keen interest in mountain travel and sports. His investments often align with ventures covering these domains.
- The "stairway to heaven" is a metaphorical term used to describe a planned monument or tourist attraction that the city of Oberwiesenthal is reportedly planning to build with the proceeds from the sale.
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The sale of Oberwiesenthal's cable car and ski lifts to Rainer Glaess has granted a substantial financial boost to the town, totaling 10.4 million euros. Glaess, a vogtland entrepreneur with a penchant for mountain travel and sports, is eager to invest in the industry, envisioning it as a stepping stone for his business interests and potential ventures.
