US Group With Links To Coppola Submits Bid For ‘Ciudad De La Luz’

19 April 2016 – Expansión

The Generalitat Valenciana, which owns the Ciudad de la Luz film studios in Alicante, has received at least one offer in the auction for the facilities. Cinespace, formed by several professionals from the film industry with links to the director Francis Ford Coppola, has presented a proposal for almost €20 million. The US investors already expressed their interest in the site in 2014. The amount offered falls well below the minimum price of €47.2 million established in the information memorandum.

Original story: Expansión

Translation: Carmel Drake

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