Valencia GP to return

[suffolk009]

There's a piece by Joe Saward about Valencia's marina being redeveloped. To summarise; this may bring a new high paying Grand Prix in Europe to the calendar, with Germany and Italy in doubt it would be a venue to help keep the European races up to the required 50%. He suggests it may be billed the Mediterranean Grand Prix.

For the full article - https://joesaward.wordpress.com/2015/04/23/revivin...

[suffolk009]

To quote Joe:

The Singapore-based ARC Resorts has announced plans to build a six-star hotel, casino, golf course and a museum for glass artists in the marina area of Valencia. The project would also include a second hotel and a number of luxury homes. The area was revamped in 2003 in preparation for the America’s Cup yacht races in 2007. The work included a metro line to the city and the local airport. After the America’s Cup teams departed Formula 1 moved into Valencia but the local government did not have the money to keep the European Grand Prix going. ARC Resorts says that it would be willing to invest $600 million to revive the Grand Prix, arguing that the investment would pay off if they were allowed to build the new complex, which they say would be “the best urban resort in Europe”