Overview
- The disclosure published Monday revealed Savills used 0.1 instead of 0.001 when calculating IAE tax receipts, inflating a roughly €980,894 figure to about €98.6 million.
- That mistake drives the study's headline numbers: corrected totals cut estimated annual municipal revenues from €131.2 million to €34.1 million and shrink projected net benefit from nearly €100 million to about €1.46 million.
- Mayor José Luis Martínez‑Almeida and the consultancy have admitted the error and say the document will be amended, while the mayor insists the miscalculation does not halt the urban change process.
- Critics including Más Madrid point to the direct award of the Savills contract and the firm's prior work for Real Madrid as a conflict‑of‑interest concern and demand withdrawal or reassessment before the Plenary and regional votes.
- The rezoning still requires provisional approval by the municipal Plenary and final sign‑off by the Comunidad de Madrid, so the key near‑term developments to watch are the corrected report, whether the timetable is paused, and any new public review.