I had read in the DB a while back that they wanted it to be a street circuit in Palma like Monacco but I think this has been rumbling on for years now - great if it happens but Berni seems to favour more exotic locations with more money to spend
I read in the article that the F1 organisers/Drivers have complaints that the street circuit in Valencia is not up to scratch and they may alter that one, relocate to Barcelona OR relocate to LLucmayor??