SS Lazio president Claudio Lotito has filed financial documents with the Municipality of Rome for the Serie A club’s proposed redevelopment of the Stadio Flaminio.
Should Lazio’s plans come to fruition, the project would cost €438.2m (£368m/$475m) and significantly expand the capacity of the stadium to 50,570. The stadium’s current capacity is 24,973.
It is hoped that the project could be given the go-ahead by the Municipality in early 2026, enabling construction work to begin within months. The project would take around three years to carry out and the new-look stadium would be a host venue during the UEFA European Championship in 2032, which Italy will co-host with Turkey.
Corriere dello Sport has reported that Lazio would take on €283m in 30-year loans to carry out the project. Another €85.6m would be self-financed by the club, while €24m would come from public contributions and €45.6m would be covered by VAT.
Lazio would look to recoup the money it spends on the project by selling VIP seats, naming rights and other sponsorship packages for the stadium.
The stadium would feature a ‘Curva Nord’ stand with capacity for 13,790 fans, while the south, east and west stands would seat 9,995, 13,320 and 9,895 fans, respectively.
Lotito presented a pre-feasibility study for the project to Mayor of Rome, Roberto Gualtieri, back in December. The stadium was designed by renowned Italian architect Pier Luigi Nervi and Lazio would seek to incorporate Nervi’s original vision in its redevelopment.
The Flaminio, which was built ahead of the 1960 Olympic Games, is owned by the Municipality of Rome. It initially served as a football ground before hosting Italy’s rugby union team from 2000 to 2011.
With the stadium having been closed since 2011, the Municipality is seeking new ways to bring it back to life. Local swimming and water polo club AS Roma Nuoto has also submitted a proposal to redevelop the stadium.
Roma Nuoto’s proposal was submitted with the Municipality several months ago, and Calcio e Finanza has reported today (Monday) that the club’s representatives fear Lazio’s proposal will slow down the authority’s decision-making process.
Roma Nuoto is reportedly prepared to file an appeal against the Municipality to the TAR (regional administrative court) of Lazio, alleging that the Serie A club has missed the deadline to submit its proposal.
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