Cost Of Inter & AC Milan’s New Stadium Reduced From €1.2B To Under €1B, Italian Media Report
The total cost of construction on Inter and AC Milan’s proposed new stadium in Milan has dropped with revisions to the concrete volumetric levels for the project.
This according to today’s print edition of Turin-based newspaper Tuttosport, who report that the construction is set to cost the clubs around €900-950 million as opposed to the initial estimates of €1.2 billion.
The Nerazzurri and the Rossoneri have officially selected the “Cathedral” design by US architectural design firm Populous for the new stadium to take the place of the stadium.
The initial estimates for the design had the construction costing around €1.2 billion, but this was before the clubs agreed to reductions in the amount of concrete to be used in order to secure approval from the city council.
Now, the project will cost less, with the commercial space around the stadium to be reduced.
Meanwhile, the agreement with the city has not affected the amount of green space which is set to be around the new stadium in the San Siro district.
Around €600 million of the total construction cost will go into the stadium itself while the rest will be for the surrounding area.