Overview
- City officials and the Murcia Puchades owners have exchanged near-identical proposals, with a three-day window to sign a collaboration agreement that will be sent to the Alicante court and a council vote slated for Tuesday.
- The plan calls for an initial €60 million cash payment by 31 December 2026, enabled by a requested €55 million loan from Spain’s Ministry of Finance.
- A grace period would run until the end of 2030, after which Benidorm would devote at least 8% of its annual budget to repayments starting in 2031, aiming to finish within 30 years.
- Part of the interest could be settled through developable urban land transfers valued at about €70 million in specified sectors, with the city citing €67 million and caps such as €585 per square meter.
- The recognized claim totals €353,856,523.66, and the draft includes penalties for missed installments at the legal interest rate plus two points and a monitoring commission to be constituted within seven days of signing.