Spanish Ghost Airport
December 11, 2013 by staff
Spanish Ghost Airport, Up for auction: $1.5 billion Spanish airport, little used.Starting price? $150 million.If that sounds improbable, you haven’t been keeping up with the fallout from Spain’s burst property bubble.
The fire sale of the country’s first private international airport, costing a reported $1.5 billion to build, has become a powerful symbol of the economic downtown triggered by that implosion.
With a 4,400-meter-long runway, Europe’s longest, on which the world’s largest airliner, the Airbus 380, can land, Ciudad Real International Airport sounds as if it has quite a lot going for it.
Accepting bids from this week until December 27, the five-year-old facility 200 kilometers south of Madrid also has a passenger capacity of 10 million people a year and, something rare for an airport, star quality.
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