In 2003 Valencia was confirmed as the host of the 32nd America’s Cup yacht race. The city poured half a billion dollars into infrastructure for the event and refurbished the unused industrial areas of its sizeable port. Keen to make sure they sought return on their investment the Government started looking at using the overhauled port area as the site of a Grand Prix. In 2007 a deal was done to host the first race a year later and construction started immediately. The deal was aided by Fernando Alonso’s immense popularity in Spain.
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