The picture shows the plan that was meant to transform the seafront at Torrevieja. By any measure it was highly ambitious; the estimated cost of 71 million Euros would have taken the company involved thirty years to recover through rents and parking fees.
Now the term allowed for bids for the project has closed. The Generalitat in Valencia has allowed an extension of two months but in the present economic climate it seems unlikely that a bidder will be forthcoming.
So sadly, as you approach the town from the west, you will be faced by the same tired looking apartment blocks and the same drab aspect.