The president of the Valencia region has said that he and his administration are working hard to ensure that the America’s Cup returns to Valencia in February.These international events bring huge numbers of people to the region and consequently boost the economy .The events also bring about an increase in employment for the area which once again boosts the economy.The last America’s Cup and the Volvo Ocean contributed about 7 billion euros to the coffers of the Valencia economy.

The decision to hold the 33rd America’s Cup in the city could still be reversed even though on November 10 Alinghi declared that that is where it would take place.This announcement was made because it was felt that there was no other venue to use.This decision was only brought about because of a court ruling and as we all know court rulings can be reversed.The Mayor of Valencia and the president of the Valencia region realise that the race decision could be reversed .However they are remaining positive and preparing for an outcome which favours Valencia.The Velas i Vents building is already having a coat of paint.