Milan, through SportCityLife, have officially purchased the land intended for their new stadium in the San Donato area of the city.
A report from Calciomercato.com details how local company SportCityLife, purchased by Milan in July of last year, spent a sum less than €40m on the land in the San Francesco area of the city, in the San Donato municipality, where Milan intend to build their new stadium and the various related facilities, like shops and hotels.
RedBird CEO Gerry Cardinale made €40m available to cover the initial costs of the project, which includes the land rights as well as various other bureaucratic aspects like urban planning.
In January, the San Donato municipality council approved the plans submitted by Milan, which gave the green light for a 70,000-seater stadium, a hotel, restaurants, shops and a museum. The plan is to open the stadium by 2028, ready for the 2028-29 season.
Further bureaucratic work is still needed, including consultations with local residents and discussions with the San Donato council regarding infrastructure, before construction work can finally begin.
Nuovo stadio #Milan: UFFICIALE l’acquisto del terreno di San Donato, cifre e tempistiche https://t.co/cI7h1o4pim
— calciomercato.com (@cmdotcom) February 9, 2024
let’s hope this gets done.
The Italian Spurs …beautiful Stadium …will win nothing.