Economics
Lake Hotel Waits for Lake in East German Tourism Gamble
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Just outside the East German town of Hoyerswerda, the white-stoned Lake Hotel beckons visitors with four-star elegance. Guests desiring a waterfront view, however, will need to wait another three years for the lake to fill up.
It’s one of a chain of lakes being formed out of open pit coal mines in a 10 billion-euro ($12.5 billion) effort to forge a regional tourist destination that will give the town a new economic lifeline.