Thanks to Beatriz Olaizola of El Pais 50 Online for the Headline
So what happens to old property developments when they get old and die because they ran out of money, it happens quite a lot, the money flushes around and we wait while someone comes up with a bright idea to resurrect something from the rubble.
The Joya de Planes ( The Jewel of Planes) was one such project with plans for 450 houses beside a reservoir in the mountains of Alicante. Political skullduggery allowed this plot of land to be developed as it was previously owned by a Politician and despite many objections the approval for development was given and disruptive work continued until the property bubble burst in 2008 .The developer had no more funds to complete the work. Under new laws the land has now received protected status due to it’s high environmental value.
Enter in essence a new developer, a Norwegian and her Romanian Husband. They bought the land from a Bank and two private Citizens for an undisclosed sum. They do have plans which they are going to submit to develop an” eco-village”, including a school, shops and even a health centre which will need to be approval in this area of Environmental Interest.
The houses will mainly be attractive to foreigners and the development is likely to take the form of a sort of gated village, separate from the local residents who currently number 700 people. The development has received the support from the local mayor of Planes who also happens to be the deputy chief of the Infrastructure Department of the Regional Government of Valencia.
This project is mainly based on a Social Media Project run by the Norwegian lady who has gendered over 1 million hits and has started selling plots on the proposed development. Little has been agreed by the local villagers.
Surprisingly though the Mayor is already saying that any costs such as street lighting and road maintenance will have to be covered by the New Developers themselves as they local Government will not be able to afford it from their tax revenue.
The development of a Modern Eco -Village is a development by any other name and it remains to be seen what happens to the development and if it does indeed bring any benefits to the local area. Without sound financial backing , I’m not sure it’s going to work.
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