The Mijas City Council takes over the racetrack awaiting the arrival of private initiative
The municipal government announces that there are "several projects" for the facility to start "a new path" that will integrate sports and leisure.
More than a quarter of a century after the Mijas Costa del Sol Racecourse opened its doors, the local City Council ... has agreed to dissolve the municipal company that managed it, Recursos Turísticos de Mijas SA, to take over its ownership directly. The decision was made within the General Universal Assembly, which in the case of all municipal companies includes all the councilors of the Corporation.
This is the new chapter for a facility that covers 380,000 square meters, once gathered 7,000 people at a race, and ended up becoming a resounding failure. Today, the only assets that Recursos Turísticos de Mijas retains are, according to the City Council, "some furniture and objects of little value," which the appointed liquidator will handle to conclude its history.
The only assets of the company are "some furniture and objects of little value", which the liquidator appointed will handle to conclude its history
After a long bankruptcy process, this company, which the Mijas City Council established in the 90s to manage the equestrian facility, separates "completely" from the racecourse, and "the original plot returns to full municipal ownership," according to the City Council. It will be entirely so after Unicaja Banco donated the shares it owned in the municipal company to the local administration of Mijas.
The next chapter for the facility will be written by private initiative. The municipal government has announced that in recent months it has received "several projects" that "will open a new path for the future" of the racecourse, in which "it is intended that the world of horse racing will again be the protagonist and will integrate sports and leisure activities."
Continued Activity
For now, the venue will continue to operate as normal. In addition to horse racing tracks and barns dedicated to stables, the racecourse hosts an equine therapy service, a municipal gym, and an athletics track.
The Samuel Oliva jumping school also continues, "through which both professional and amateur riders keep passing, and which has given so much fame to the venue," emphasized by the City Council.
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