Is this airport Spain's best Christmas present?
One of Spain's infamous ghost airports goes up for sale on Monday with the opening bid set at €100 million ($137 million), or a tenth of original construction costs.
The sale of Cuidad Real's failed airport has begun, Spain's national television network RTVE reported on Monday.
The airport, some 200km (124 miles) south of Madrid, was designed to receive 2.5 million passengers a year. In 2010, however, only 31,000 people walked through its doors.
Saddled with debts of €529 million, the facility closed in 2012 after just three years in operation.
It will now be sold to meet creditor's demands.
SEE ALSO: The Local's list of Spain's craziest building fails.
Bidding for the airport starts at €100 million, and potential buyers will have be able to stump up 5 percent deposit.
"No definite offers have been received to date but we have a number of interested parties and we are expecting bids when the auction begins on Monday,” bankruptcy administrator Francisco Pérez said in a statement.
The bidding process closes at 3pm on December 27th.
Cuidad Real has a population of just 75,000 people and already boasts a high speed railway service connecting it Madrid in less than an hour.
Spain has many testaments to the country's building boom including the airport of Castellón in Valencia province and the ghost town of Seseña.
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The sale of Cuidad Real's failed airport has begun, Spain's national television network RTVE reported on Monday.
The airport, some 200km (124 miles) south of Madrid, was designed to receive 2.5 million passengers a year. In 2010, however, only 31,000 people walked through its doors.
Saddled with debts of €529 million, the facility closed in 2012 after just three years in operation.
It will now be sold to meet creditor's demands.
SEE ALSO: The Local's list of Spain's craziest building fails.
Bidding for the airport starts at €100 million, and potential buyers will have be able to stump up 5 percent deposit.
"No definite offers have been received to date but we have a number of interested parties and we are expecting bids when the auction begins on Monday,” bankruptcy administrator Francisco Pérez said in a statement.
The bidding process closes at 3pm on December 27th.
Cuidad Real has a population of just 75,000 people and already boasts a high speed railway service connecting it Madrid in less than an hour.
Spain has many testaments to the country's building boom including the airport of Castellón in Valencia province and the ghost town of Seseña.
Don't miss stories about Spain, join us on Facebook and Twitter.
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