- A plenary session of the Valencia City Council held on the 26 July 2018 unanimously approved the project, considering it “in the public interest for the City of Valencia”. Following recent initial approval of the PGOU (Land-Use Planning), LICAMPA 1617 met the Council to report on the project’s progress.
- The multi-purpose stadium’s maximum capacity has been raised to 15,600 spectators for basketball matches, and to 18,600 for concerts.
- The investment made by Juan Roig rises to over €220 million, which will be earmarked for the building of the Valencia Arena — a multi-purpose stadium, its underground car park, and the remaining complementary infrastructure, such as a public park with green areas and new, modern infrastructure for the “Les Arts” school.
Valencia, 4 October 2019 – Directors of LICAMPA 1617 S.L., the holding company owned by Juan Roig and founded to build a multi-purpose stadium in Valencia, met recently with the Mayor of Valencia, Joan Ribó, and members of his Council to explain the latest developments in the Valencia Arena project. This project was initially approved after a special modification of the PGOU (Land-Use Planning) on 26 September in a plenary session of the City Council.
The project — a personal, philanthropic initiative by Juan Roig — was presented in July last year. Since then, it has evolved with the sole purpose of providing Valencia with a multi-purpose covered stadium to position the city and the Valencian Community as world-beaters in hosting first-rate national and international sports, cultural, and entertainment events.
The main new features of the Valencia Arena project are its siting on a 21,500 square-metre plot bounded by Ángel Villena, Bomber Ramon Duart, and Antonio Ferrandis streets (next to L’Alqueria del Basket and Pavelló Font de Sant Lluís ); larger capacity, with the updated project providing seating for 15,600 spectators in basketball mode and 18,600 in concert mode. The total floor area will cover approximately 47,000 square metres.
The plans for the Valencia Arena include an underground car park, with part at street level, with 1,300 parking spaces. There will also be a multi-use annexe to the stadium, covering 1,200 square metres with a wide range of VIP spots, terraces and zones. The multi-purpose covered stadium will be equipped with cutting-edge technology and the latest technical means for re-broadcasting and following all kinds of events.
The planned philanthropic investment of some €220 million will be wholly funded from Juan Roig’s personal fortune. This sum will earmarked for building the covered stadium, the car park, and the rest of the complementary infrastructure. The facilities will give the district a much-needed boost and with be accompanied by a public park with green areas, and the provision of modern infrastructure and facilities for the “Les Arts” school.
This initiative is part of the Juan Roig Legacy project — which includes Marina de Empresas, Trinidad Alfonso Foundation, Valencia Basket Club, and L’Alqueria del Basket. Its goal is to share the new stadium with the city as a token of the entrepreneur’s gratitude to Valencia. That is why the project will be wholly funded by Juan Roig from his personal fortune through LICAMPA 1617 S.L., which is the holding company charged with building the Valencia Arena. It will also commission a specialist operator to manage the complex once it is completed.
If all of the official permits are granted as envisaged, works can begin on the Valencia Arena in 2020, and the it would be inaugurated in 2023. From then on, the complex will be able to host large sporting, artistic, and cultural events. The new headquarters of the Valencia Basket Club will be built in an annexe to the new multi-purpose covered stadium.
A complex that will create wealth and will benefit the surrounding area
In addition to these benefits for the city, the latest report by IVIE (Valencian Institute for Economic Research) estimates that the project will create the equivalent of at least 300 direct and indirect jobs, and have an economic impact of over €10 million every year for the City of Valencia.