Milan President: 1 euro invested in the new stadium will have a return of 2.5 euros, and construction is planned to start in early 2027

November 16th: In an interview, Milan President Scaloni talked about more related topics about Milan’s new stadium.

The Milan municipal government has approved the sale of the San Siro Stadium and surrounding areas to Milan and Inter Milan, and the Milan duo will jointly build a new stadium. Scaloni first said: "The new stadium can become an engine to promote a new round of development in the city. Just like CityLife and Porta Nuova before it, these two iconic buildings show the regeneration and development of modern cities, reshape the urban appearance of Milan and enhance the city's international image."

Si Caroni continued: "I started paying attention to the new stadium plan when I first became president of Milan Club in 2018. After visiting stadiums in many big cities around the world, I immediately understood that the San Siro Stadium is no longer suitable. It is now an outdated stadium and does not meet the needs of modernization in many aspects. The first is the sense of experience. The existing ball The viewing experience at the stadium is far from meeting the standards. "

Scaloni emphasized: "And I can assure everyone that watching the game in the new stadium will be an excellent experience: the stadium can accommodate 71,500 spectators, the stands are closer to the stadium, the slope design is spectacular, the seats are more comfortable, and most importantly, multiple stands areas will be equipped with LED technology. technology and large screens. The stadium will be fully barrier-free, with a family fan viewing area and higher security. The new stadium will also allow us to create a dedicated VIP area for corporate customers to provide a unique and exclusive experience."

Although the investment in building a new stadium is high, Scaloni said that there will be a higher return. “We expect the revenue growth of the new stadium to be similar to clubs such as Tottenham, Arsenal, Real Madrid, etc., who built a new stadium and doubled their revenue without increasing ordinary ticket prices. Impact on the city of Milan? According to Ambrosetti’s research, the new stadium will bring a very significant socio-economic impact. It will drive investment of more than 4.5 billion euros during the construction period, and will generate a return of 2.5 euros for every 1 euro invested. For Lombardy The revenue for the region will reach 3 billion euros, of which the revenue for the Milan metropolitan area will be no less than 950 million euros. After the stadium is put into operation, the annual revenue to the local area is estimated to be more than 3 billion euros."

Scaloni also talked about the time schedule of the new stadium project, "We are currently in the stadium design stage, and they can ensure excellent design results during the process. After a year of detailed design, we will hold meetings with the city government and the regional government to obtain construction permits. The goal is to start construction in early 2027 and complete it within three years in time for the 2032 European Cup."

Scaloni continued: "We will then transform the original San Siro stadium area, including the construction of hotels, the headquarters of the two clubs, shopping malls, and the Milan Museum. Inter Milan Museum. We expect that the area will attract at least 500,000 visitors per year."

Finally, I don't think there is a risk of project delay. After the city government decided to move forward with the plan, we adopted a process of soliciting expressions of interest, so there was no possibility of any kind of bidding."