Austria to sell mountain peaks
Posted: Jun 14 2011 10:44 am
And you thought Arizona's State Trust Land swaps were a nightmare!

Only $175,000? Hmmm... I'm thinking of renaming a Tyrolean peak "Mt. Chumley"VIENNA – An Austrian government agency abruptly pulled two sky-high pieces of real estate — majestic peaks offering stupendous alpine views — off the open market Tuesday after an outpouring of national outrage over the perceived sellout of the nation's heritage.
BIG, the agency which purchases state property and then resells it to the private sector, announced the decision after discussions between Economics Minister Reinhold Mitterlehner and top officials in charge of the agency.
"We have suspended the sale to evaluate alternative possibilities," agency spokesman Ernst Eichinger said on the telephone. He said the transaction would likely go ahead but buyers would be restricted to "Austrian institutions" instead of the highest free-market bidders.
The peaks are in the easternmost part of Tyrol province, home to some of Europe's highest mountain ranges.
The "Rosskopf" is 2,600 meters (over 8,500 feet) high, the "Grosse Kinigat" nearly 2,700 meters (8,800 feet). They are on offer for 121,000 euros — nearly $175,000.
Austria is fiercely proud of its...
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