Almeida admits the "undeniable" error in the requalification of the Real Madrid city, but assures that "it does not frustrate the operation"
The City Council reclassified the white club's land in Valdebebas in the summer with a report that miscalculates the benefit to the municipal coffers: it increases from 1.46 to 98.6 million.
Madrid's mayor, José Luis Martínez-Almeida, has acknowledged that an economic report supporting the reclassification of land for a Real Madrid project contains a calculation error. The error increases projected municipal income from 1.46 million euros to 98.6 million euros. Martínez-Almeida admitted the mistake, describing it as a material error in tax rate calculations. Despite the 97-million-euro discrepancy, the mayor stated that the project remains unaffected.
Written by urgent.news from El Pais's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
