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Singapore consortium bidding to revive Valencia GP
Valencia, former home to the European Grand Prix, could return to the Formula 1 calendar in the future if a Singapore based development consortium gets its way. The venue, which originally joined the calendar in 2008, was dropped in 2012 due to financial concerns and even led to a fraud investigation against the organisers for misusing public funds. However Singapore's ARC Resorts has put forward a plan to construct "the best urban resort in Europe" in the Spanish port city, which includes a plan to revive the circuit which now stands in a poor state. The developers plans include a six-star hotel, numerous other hotels, casinos, shopping complexes, arts centre and yacht club. ARC...
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11y ago from GrandPrixTimes.com
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