The intended new facility for the Dutch professional football club Feyenoord (Netherlands) is inching one step closer as is evident from the ‘New Stadium Investment Memorandum’ published recently. The business case shows that Feyenoord will advance more than 7.5 million euros in the first season in the new stadium (2025-2026) and then receive an amount of 25.4 million euros. This is a reason for the club to give its nod to the business case.
‘Feyenoord Rotterdam’ stated that with the Feyenoord agreement, an important step has been taken towards the actual realization of the new stadium, which forms an important part of the total area development Feyenoord City.
The new stadium is just one part of an ambitious urban redevelopment plan for Southern Rotterdam, which incorporates the building of at least 3,700 new houses. The Feyenoord City project as a whole has been priced at over €1.5bn, with the arena having a current reported price tag of €441m.
The new stadium would be the biggest, and most expensive, in the Netherlands. However, whether Feyenoord needs a 63,000-seat residence has been a hotly-debated topic, with the club seeking assurances over the financial benefits of the same.
Not so long back, architecture firms OMA and LOLA revealed refined plans for the proposed new venue, with the new designs having been submitted earlier in the month. OMA and LOLA said that the original design of the stadium had been optimized to ensure it is delivered both on time and in a cost-effective manner.
The Feyenoord Football Club is a Dutch professional football club in Rotterdam (Netherlands) that plays in Eredivisie, the top tier in Dutch football. The club’s home ground is the Feyenoord Stadium.
The 51,117-capacity Feyenoord Stadium, more commonly known by its nickname De Kuip, is a stadium in Rotterdam, Netherlands. It was completed in 1937. The name is derived from the Feijenoord district in Rotterdam, and from the club with the same name. The stadium’s original capacity was 64,000.
The Office for Metropolitan Architecture (OMA) is a Dutch architectural firm based in Rotterdam, Netherlands.
LOLA Landscape Architects was founded in 2006 by landscape architects Eric-Jan Pleijster, Cees van der Veeken and Peter Veenstra. The Rotterdam-based office works on projects in the City center, the City edges and the countryside.
A statement sent out by the club stated, “We will continue to work with confidence in the coming months to also be able to turn the two remaining lights to green. The two remaining lights refer to the last 15 percent of the financing and an agreement on the construction costs. It is expected that the so-called financial close can take place in the fourth quarter of 2021, so that construction work can start in 2022. The new stadium will then open in 2025.”
‘Feyenoord Rotterdam’ further stated that the New Stadium Investment Memorandum is intended to inform the Municipality of Rotterdam, other investors and other interested parties about the stadium project and the associated Business Case, so that they can (again) assess the requested investment.
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