“Whether by corruption – and there has been a great deal of that – maladministration, or pure bad luck, Valencia is littered with vanity projects that tell their own story.   There is the America’s Cup dock, with huge sheds for ocean-going yachts and a massive white control tower. There is the Opera House – 400 million euros to build, 40 million a year to run – 15 performances a year.  The airport that has never seen a single plane land. The theme park built in a place where the summer heat rises above 40C (104F). The land bought at premium prices that is now worthless.”

http://www.bbc.co.uk/news/magazine-19682049

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