Fonte Luminosa, a stadium in the Brazilian city of Araraquara in the state of Sao Paulo, is set to be converted into a multi-purpose venue as part of a significant revamp.
The stadium, which has operated primarily as a football ground since opening in 1951, will be capable of hosting a range of sport and entertainment events following the work.
The redevelopment will take place in stages over the next five years.
Investment firm REAG and Integritate, two companies behind the remodelling of Allianz Parque, the home of top Brazilian football club Palmeiras, will reportedly lead the project, with Real Estate Venues and Entertainment (REVEE) having secured operating rights at the stadium for the next 35 years.
The ‘Nova Fonte Luminosa’ will feature a 12,000-square-metre space for exhibitions, as well as a 1,000-seat theatre, an 8,000-capacity indoor arena, and a 20,000-square-metre space for additional events.
The main stadium, which hosts lower-league football club Ferroviária, will have a capacity of 30,000 following the redevelopment work – up from about 25,000 currently, according to reports.
Integritate CEO Luís Davantel stated that the project represented an attractive investment given the location, which has good road and airport infrastructure nearby. “There is a concentration of high purchasing power and, within a radius of 150km, there are about four million inhabitants. This multipurpose arena project will help grow and enhance the Araraquara region,” he said.
Image: Araraquara Municipal Secretary of Communication