By Linda Hall • 12 May 2022 • 19:04
MEGA DEVELOPMENT: Plans for 5,000 properties and hotels along the River Algar cancelled in 2013
Photo credit: altea.es
ALTEA town hall returned another €1.2 million to the promotors of the cancelled Puentes de Algar Integrated Action Plan (PAI).
Returning the €7.7 million advanced by the development company for reclassifying land for a mega-development agreed by the current town hall team’s predecessors has had “important economic consequences”, town hall sources admitted.
A further €1.7 million remains to be paid, which Finance councillor Xelo Gonzalez expects to be able to settle by mid-2023.
“This PAI, a speculative operation that put our environment at risk as well as institutions and the municipality’s capacity for improving public services, will be a thing of the past,” Gonzalez said.
The Puentes de Algar project contemplated building 5,000 properties and several hotels along the banks of the River Algar, but was definitively cancelled after the Supreme Court confirmed an earlier ruling by Valencia’s Upper Court of Justice in 2013.
The same decision, however, obliged the town hall to pay back the €6.5 million land reclassification fee, plus €1.2 million paid for “improvements.”
Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Originally from the UK, Linda is based in Valenca and is a reporter for The Euro Weekly News covering local news. Got a news story you want to share?
Then get in touch at [email protected]
Your email address will not be published. Required fields are marked *
Download our media pack in either English or Spanish.