The city council of Laredo has submitted a plan to Madrid’s 2012 Olympic bid committee regarding nautical events, should Madrid host the 2012 Summer Olympic Games.
Nine other Spanish cities are also interesting in the nautical venue.
The project has been approved by the community of Cantabria at a cost of 54 million Eurasia and would take six or seven years to complete.
The Cantabria government will finance a third of the 43,128 square metre project, and has conducted studies and analyzed what influence the venue would have on the coastal dynamics of the area.
Laredo is 360 kilometres from Madrid, or three hours by car and less than seven hours once a high-speed train is constructed.
