How A Spanish City Went Boom, Then Bust
Valencia spent more than $1. 5 billion to build the City of Arts and Sciences, the museum complex shown here in a photo from the summer of 2011. Valencia spent more than $1. 5 billion to build the City of Arts and Sciences, the museum complex shown here in a photo from the summer of 2011. Marie McGrory/NPR The Spanish region of Valencia has been called the "California of Spain" for its gorgeous Mediterranean coastline and modern architecture. But now Valencia epitomizes the worst of Spain's problems. It had the country's most inflated property market and the biggest crash. Its landscape is littered with empty and half-finished buildings. Valencia has also had an unusually high number of politicians indicted for corruption. In 2007, Valencia spent $730 million on a Formula One street circuit that hugs its Mediterranean shores.
People:
Valencia
Overall Sentiment: 0.0421157
Relevance: 0.874774
Elias Amor
Overall Sentiment: -0.0130024
Relevance: 0.189547
| Sentiment | Quote |
|---|---|
| -0.435588 | "We hadn't a highway to Madrid until 1996 or 1997. There was a road, a terrible road," he says. ... |
| -0.326276 | "We hadn't a highway to Madrid until 1996 or 1997. There was a road, a terrible road," he says. "The investments of the central government in Valencia were very low — were the lowest in Spain." |
| -0.155472 | "I remember my father. My father died in 2004. And he came every morning here to observe the construction of the City of Arts and Sciences," Amor recalls. ... |
| -0.016088 | "I remember my father. My father died in 2004. And he came every morning here to observe the construction of the City of Arts and Sciences," Amor recalls. "And when we met him in the evening, he used to tell me that this was the most important thing that was done here in Valencia since the time of the Miguelete." |
| Sentiment Stats: |
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Francisco Camps
Overall Sentiment: -0.0894517
Relevance: 0.185857
Vicente Pallardó
Overall Sentiment: -0.0376614
Relevance: 0.157493
| Sentiment | Quote |
|---|---|
| 0 | "Probably we are the main example of every single sin that has been committed in the Spanish economy for ... maybe the last 15 years," says Vicente Pallardó, ... |
| 0 | "very surprised," Pallardó recalls. ... |
| 0.237962 | "He said, 'Wow, you are very rich! We are not able to spend so much money building.' But come on, it's the U.S. So, we are not richer. Our per capita income is about 60 percent of that of the U.S.," Pallardó says. ... |
| Sentiment Stats: |
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Felipe Massa
Overall Sentiment: 0.0230515
Relevance: 0.139726
Disambiguation: AthleteReferences:
Marie McGrory/NPR
Overall Sentiment: 0
Relevance: 0.136311
Fernando Alonso
Overall Sentiment: 0
Relevance: 0.135362
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Luca Cordero
Overall Sentiment: 0
Relevance: 0.128131
Alberto Saiz/AP
Overall Sentiment: 0
Relevance: 0.120638
Ray LaHood
Overall Sentiment: 0
Relevance: 0.110438
Disambiguation: Politician | Appointee | U.S.CongresspersonReferences:
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Valencia, which once spent lavishly on tourism projects, now epitomizes the worst of Spain's economic problems. Its landscape is littered with empty and half-finished buildings, and the regional government has run out of funds to repair schools.
Provided Title:
How A Spanish City Went Boom, Then Bust
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