Featured image credit: AC Milan
SportLifeCity, the company that owns the site on which AC Milan is planning to build a new stadium, has estimated that the cost of a 70,000-seat facility for the Serie A club will be around €451m (£391m/$485m).
In September, AC Milan officially announced that it was pursuing a new stadium in the San Francesco area of the city. It came after it was reported that the club had acquired a 90% stake in SportLifeCity.
Milan said it has “completed the first formal step” towards a new stadium ahead of the potential future submission of a full project plan, by presenting an urban development proposal to the San Donato Milanese council.
SportLifeCity has now delivered a 300-page preliminary report to the council to outline the potential cost of the stadium and the wider sports city district. La Repubblica Milano has reported that the cost of the stadium is an estimated €451m, but the overall project would be more than double this at €949m.
The report from SportLifeCity stresses that the costs are only estimates based on the current regional price list in Lombardy and on the basis of similar projects that have already been completed or are in progress.
The wider stadium site would include the club’s headquarters, which is estimated to cost around €24m, while a club shop and store would each cost €6m. A 200-room hotel is expected to cost more than €41m.
SportLifeCity’s report also included an assessment of traffic in the area. It is estimated that around 23% of fans would travel to matches by public transport.
The San Donato Milanese council is currently analysing the plans put forward by Milan and SportLifeCity to determine whether they are in the public interest.
When announcing its plans in September, Milan said the objective of the proposal is to generate significant value for the area, which would then benefit from a sustainable and integrated development thanks to a series of upgrade works.
These include the creation of a new ‘Gate to Milan’ to the south, an east-west connection from San Donato to the Chiaravalle Abbey and its parks, easier usability and services for the Parco Sud, and access to the possible future site.
In terms of the total size of the project, the request for urban development lists the same gross surface area of 108,000 square metres already guaranteed by a Integrated Intervention Plan (IIP) approved in 2021, for a space dedicated largely to sporting activities, with a variety of multifunctional facilities and services set within 235,000 square metres of green space, compared to the approximately 80,000 square metres of the previous proposal.
The club has engaged CAA ICON to carry out the implementation of the project, while MANICA will be the design architect tasked with developing plans for a new stadium and the entire entertainment district.
Last month, Milan reported its first profit in nearly two decades and record revenues of €404.5m, as the club disclosed that its owners had already invested €40m in advancing plans to deliver a new stadium.
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