Friday, April 20, 2012

Not All Superyachts And Their Billionaire Owners Are Wanted

The Port Vell in Barcelona

Billionaire Superyachts Cast A Shadow Over Barcelona's Traditional Barrios -- The Guardian

Residents of a district near the port battle to block British plan to create a marina for the mega-rich

The world's largest private yacht looms over the old port of Barcelona – its six-deck, 163m profile offering proof of the love of Russian billionaire Roman Abramovich for a city he will visit again this week as his football team, Chelsea, tries to secure a place in the Champions League final.

But the superyacht, equipped with its own mini-submarine and anti-paparazzi shield, is a symbol of what neighbours in the traditional fishermen's neighbourhood of La Barceloneta fear will bring about the demise of one of the few city centre barrios to have maintained its traditional working-class character. Old Barcelona is under threat. A British private investment fund has taken control of much of the port area and has asked for an extended licence so that it can turn the Marina Port Vell into the Mediterranean's prime home for superyachts. Sources close to the group said it wanted the licence to run until 2036.

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My Comment: Spain has an unemployment rate that is over 20% and is presently in the middle of a recession .... and they are going to say no to a new development project .... sighhhh ....

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