On the shores of Lake Lucerne, Samih Sawiris’ new real estate project in the ballot boxes

On the shores of Lake Lucerne, Samih Sawiris’ new real estate project in the ballot boxes
On the shores of Lake Lucerne, Samih Sawiris’ new real estate project in the ballot boxes

Boris Busslinger

correspondent in German-speaking Switzerland

Published on November 2, 2024 at 7:29 p.m. / Modified on November 2, 2024 at 7:54 p.m.

It is an idyllic place, nestled in the heart of the founding Swiss landscapes. Small plain located on the west coast of the southernmost arm of Lake Lucerne, “Isleten” faces the mythical chapel of William Tell, erected where the legendary crossbowman is said to have jumped from the boat that was taking him to prison after shooting an apple placed on his son’s head. While ten kilometers further north, it is even the sacrosanct Grütli meadow which displays its green pastures.

An ideal place for a hotel complex, says Samih Sawiris, an Egyptian billionaire who bought the place with a view to erecting several buildings and a marina for 50 boats. However, is this how the small canton of 38,000 inhabitants wishes to develop its banks? The question will be decided by popular vote on Sunday, November 24.

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