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The location is around [here](https://maps.google.co.jp/maps?q=%E8%93%AC%E8%8E%B1%E5%A2%83+%E5%85%AB%E5%B9%A1%E5%B9%B3&hl=ja&ie=UTF8&ll=39.993956,140.855713&spn=1.212007,1.782532&sll=37.788081,136.40625&sspn=39.659072,57.041016&brcurrent=3,0x5f8590d0ed093a23:0x662c817ee87f406c,0&hq=%E8%93%AC%E8%8E%B1%E5%A2%83&hnear=%E5%B2%A9%E6%89%8B%E7%9C%8C%E5%85%AB%E5%B9%A1%E5%B9%B3%E5%B8%82&t=m&z=9&iwloc=A).
According to the explanation on the [source site](http://zerotaka.web.fc2.com/houraiindex.html), it was originally built by the public sector in 1971 and operated as a nationally-owned, prefecture-run resort. After about 10 years of unsuccessful run, the operation was outsourced to a private company which could not turn it around and eventually bankrupted in 1998.
From the bits and pieces of information on the site, the resort was ill-conceived from the beginning: heavy snow closed the access road making the resort nonoperational for several months every year (this happens at several ski resorts in Japan which has [the heaviest snow fall in the world](http://en.wikipedia.org/wiki/Mount_Ibuki#Nature)); it was out of the power grid and its generator was not able to provide stable enough power even for TV. You might ask why did they develop the resort in the first place then. Well, there was a sulphur mine nearby that shut down in 1969 and the resort seems to have been built to create alternative employment to the region.