New €600mn San Siro to be rebuilt by 2023



Linkedin Twitter

San Siro stadium update - March 2019 Image: Inter Milan and AC Milan

Milan’s Giuseppe Meazza Stadium, popularly known as the San Siro, will soon be demolished to give way to a bigger and more modern stadium, to be built at a cost of €600mn, that Inter Milan and AC Milan are expected to use from around 2023, according to media reports.

The San Siro was built in 1926 and was overseen by the then AC Milan president Piero Pirelli. It now appears as though both the clubs are about to strike an agreement to build a new stadium with a capacity of more than 60,000.

The new stadium will likely have new sports and recreational facilities, apart from shopping centers. It will be built about 100 meters away from where the San Siro is, with the project expected to cost about €600mn.

Italy’s La Republicca newspaper reported that the municipal council has given a green signal to the project. The publication added that plans for the new stadium have already been approved by AC Milan and the local council, with Inter expected to give the project the green light in the near future.

Both Inter and AC Milan are expected to contribute a large portion of the construction costs, while naming rights will reportedly generate an additional €25 million (US$28.3 million) per year in revenue.

In addition to the new 60,000-capacity stadium, the project also includes a 5,000-seater venue for concerts and other events, along with a new shopping complex in the area surrounding the stadium.

The report also claims that this will be the most innovate stadium project in Europe. Recently, top officials from both Milan and Inter were on a trip to the United States with executives from Goldman Sachs to study the way stadiums like the MetLife have been built and maintained.

Continue to follow Coliseum for latest updates on venues business news. Coliseum is dedicated towards building the best global community of sports venue executives and professionals.




« Previous News:
» Next News:


More News

Coliseum Summit EUROPE 2019 speakers

Speakers from other areas to inspire Coliseum

Published: March 13, 2019

Coliseum – a top name in international stadium conferences – is returning to London with 40 top...
» Read more

Nottingham Forest new stadium

Nottingham Forest stadium plans proceed

Published: March 11, 2019

Nottingham Forest has confirmed that after ‘extensive negotiations’ with the City Council, it...
» Read more

Chase Center - Golden State Warriors

Artists shortlisted for Chase Center

Published: March 11, 2019

NBA team Golden State Warriors have announced the artists whose works will be showcased in the...
» Read more

San Siro stadium update - March 2019

New €600mn San Siro to be rebuilt by 2023

Published: March 11, 2019

Milan’s Giuseppe Meazza Stadium, popularly known as the San Siro, will soon be demolished to give...
» Read more


Newsletter signup