Farms have become a key instrument for reconciling debt with tangible assets, and the Consell endorses SPTCV as the appropriate entity to preserve urban development authority. This choice rests on SPTCV’s ownership of patrimonial land that can be activated for profit within the industrial sector. By maintaining this governance role, the institution can continue to supervise and steer development initiatives while aligning with long-range economic objectives for the region, including the economic resilience sought by communities in North America and beyond.
Economy Minister Rafa Climent has proposed a concrete plan in which the aging center would be redeveloped on the designated land. The plan highlights the potential for innovative firms to benefit from a modernized site, transforming a former facility into a vibrant hub for enterprise and advanced research. The intention is to spark local innovation, attract capital, and foster a more dynamic economic ecosystem around the project, benefiting both existing businesses and emerging startups in the United States and Canada seeking proximity to Europe and global markets.
The initiative also foresees substantial support for the IFA through debt relief linked to the redevelopment effort and improvements to the infrastructure that supports the fair pavilions. The broader objective is to craft a detailed, phased strategy for expanding events within this enclave, carefully considering the needs of the diverse business sectors across the Alicante province while recognizing parallels with commerce hubs in North America. The plan envisions a sequence of milestones that preserve the site’s historical value while adding new capabilities to accommodate higher attendance, broader industry representation, and a wider range of activities throughout the year. By doing so, it aims to strengthen the region’s competitive position and attract stronger participation from national and international players, including firms looking to diversify portfolios and engage with cross‑border markets in Canada and the United States, as well as global partners.