“In the boom years, Spain raised some of the most spectacular new architecture in the world. Now that the economy is bust, who is going to pay for them?”
Read the full article published in TIME magazine.
To an extent, the formula worked. In 2011, regional president Francisco Camps announced that the complex had brought in some 40 million tourists since it opened, and the complex has indeed become the most readily identifiable sign of the city. But visibility alone does not mean success, especially in times of economic crisis. The Valencia project came in four times over its original budget, and its final unit was not completed until 2005.
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