The Leader Newspaper 12 July 21 – Edition 875

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No 875 Monday 12th - Sunday 18th July 2021

office@theleader.info

637 227 385

Keeping people safe and informed for over 17 years - The Costa Blanca’s oldest ‘FREE’ English language newspaper

COMPENSATION FOR CALA MOSCA, 213 MILLION EURO

he developer, and owner of the designated building plots at Cala Mosca, the very last kilometre of green space on the Orihuela Costa, has warned that there will be a “cascade of compensation claims” if the developable land is declassified when it is debated in the Valencian Parliament in Tuesday.

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The company has sent a letter to all the members of the Public Works, Infrastructure and Transport Commission of Las Cortes, who will vote on the motion, urging them to rule against the proposal, warning the deputies that it has the physical and legal rights of this urban development and, if the land classification is changed, it will ask for loss of profits that it estimates at 213,473,600 euros, to

which "compensation for other damages” should also be added. In calculating this loss of earnings, Playa Salvaje has made an impact assessment of 800 euros per square metre of capital loss for which it would seek compensation, in addition to the project fees and expenses, and the urbanization works it has already carried out.

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