€10,000 offer for Spanish ghost airport that cost a billion

Fancy owning your own airport? A potential buyer did last week but thought he would get one of Spain’s ‘ghost airports’ on the cheap. He offered a mere €10,000 even though it had cost over €1 billion to build.

Ciudidad near Madrid in Spain had a bid of only €10,000 for its €1 billion 'ghost airport'

Ciudidad near Madrid in Spain had a bid of only €10,000 for its €1 billion 'ghost airport'. Image by Antonio Domingo / CC BY 2.0

The Ciudad Real Central airport, about 200 kilometres south of Madrid, has been held up as something of a symbol to the Spanish spending waste during its boom time of the mid-noughties.

The airport, which has had very few customers, was opened at the very time the country was rocked by a financial crisis that ended its construction boom seven years ago.

The Belfast Telegraph explained that the airport operator went  bankrupt in 2012 after the downturn resulted in only a trickle of traffic through its doors.

Although the receiver in charge of selling the airport had set a price level of €28 million, the auction last weekend drew only one bid from a Chinese interest.

However, if no improved offer is made by September, the paper reports that the sale will go through.

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