LEGENDARY film director Francis Ford Coppola is planning to bid for Alicante’s massive City of Light film studio complex.
The man behind Apocalypse Now and The Godfather has teamed up with a group of US investors to take over what was meant to be Europe’s answer to Hollywood.
However, the studio has been inactive since February 2013, leaving Valencia with €80 million debt.
Because it cannot be sold without the permission of the European Commission, Coppola and the other investors are pushing for a preliminary agreement that would put them in pole position for when sale conditions are set.
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