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Mijas acquires 100% of the shares in the company that managed the racecourse

The site has over 300,000 square metres of land sur
The site has over 300,000 square metres of land sur
  • This is an important step towards transferring the site to municipal ownership, says mayor

The situation of Mijas racecourse, which closed nearly ten years ago, has become a little closer to being resolved. The council has ratified the decision by Unicaja Banco to donate its shares in the Recursos Turísticos de Mijas S.A. company which managed the racecourse to the council at no cost, so the local authority is now the only shareholder.

The mayor, Josele González, says this is not a definitive solution to the problem but it is an important step towards liquidating the company and transferring the site to municipal ownership.

"It means that we can develop plans in the medium term for important projects in a unique space with over 300,000 square metres of land and in a key location," he explained.

According to Mijas town hall, the company owes the council around four million euros and also has debts with a number of companies and organisations.

It has taken years to get to this point, although González and councillor Andrés Ruiz were keen to stress that this was not the council's fault. "We have been trying to unblock this situation for years," they said.