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Oberwiesenthal Council Approves Sale of Fichtelberg Cable Car to LGO

The 10.4 million euro deal sets a mid‐August handover, freeing investment for lift improvements under a permit that expires at year‐end

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Overview

  • The Stadtrat von Oberwiesenthal voted on June 24 to sell the Fichtelberg cable car to Liftgesellschaft Oberwiesenthal.
  • An external appraisal set the sale price at 10.4 million euros.
  • Ownership is scheduled to transfer to LGO in mid‐August 2025.
  • Officials plan to channel the proceeds into modernizing Saxony’s largest alpine ski area, including a new lift on the Himmelsleiter‐Abfahrt.
  • The construction permit for the new lift expires at the end of 2025, creating a tight timeline for project approval and completion.