Futuristic 'Motor City' next to Cheste circuit on the cards
Monday, June 30, 2014 @ 10:12 AM
A 'MOTOR City' costing over five billion euros next to the Ricardo Tormo circuit in Cheste (Valencia) is on the cards and could be open to the public by 2019.
Tycoon Mariano García Montes, the architect and technical designer behind Valencia's state-of-the-art Oceanogràfic aquarium, has put forward the plans and so far the regional government appears impressed.
Montes' business partner Carlos Martínez de Coca – a Valencian builder who fell victim to the housing market crash five years ago, has been seeking out private funding for the themed exhibition centre.
He presented the project, titled The Garage, at the Goodwood Motor Fair in the UK yesterday (Friday).
Land extending to 1.5 million square metres alongside the Cheste circuit has been bought from the bankrupt development firm Coperfil, based in Catalunya, which intended to build a logistics park in the area costing 100 million euros.
This has been left at half-mast after the company went into receivership.
Montes and Martínez de Coca, co-directors of the firm The Up54, predict that the Motor City will provide permanent jobs to up to 40,000 people and attract 10 million visitors a year.
Read more at thinkSPAIN.com