Costly Spanish ‘Ghost Airport’ Receives Only One Bid at Auction

ghost-airport

MADRID—One of Spain’s “ghost airports”—expensive projects that were virtually unused—received just one bid in a bankruptcy auction after costing about €1.1 billion ($1.2 billion) to build. The buyer’s offer: €10,000.

Ciudad Real’s Central airport, about 235 kilometers south of Madrid, became a symbol of the country’s wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened. The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic.

Chinese group Tzaneen International tabled the single bid in Friday’s auction, Spanish news agency Europa Press said. The receiver had set a minimum price of €28 million. If no better bid is received by September, the sale will go through, the news agency said. Read the rest of this entry »


Camuccini: The Death of Julius Caesar, 1798

Death-of-Ceasar

Camuccini, Vincenzo

The Death of Julius Caesar 1798

Oil on canvas, 400 x 207 cm

Museo Nazionale di Capodimonte, Naples

via CenturiesPast