After she died they never built it. The town remains pretty much the same as it always was.
Last time I was there they had replaced the red marble promenade that was cracked on the beach with some sort of rubber playground cement, and for some reason that I can only put down to malice, built a large statue that resembles a rat about 8 feet tall and placed it at the intersection of the promenade with the town center, where there used to be old spanish men and youths playing on many free foosball tables
Bear in mind this fishing town is next to Marbella perhaps the richest destination in the mediterranean.
Its almost as if as a child I fell asleep and woke up in a nightmare, when I visited.
Fortunately they left what remains of the old town alone and its still a beautiful (in parts) tourist destination.