"The ownerships of AC Milan and Inter remain in constant contact about the new stadium project, and work is underway on the design process. According to Corriere della Sera (via MilanPress), the two clubs have proceeded to the next step after purchasing San Siro and the surrounding land. The ownerships of Milan and Inter - RedBird and Oaktree Capital - are in constant negotiations with each other and with the two architectural firms."
"As a reminder, the Rossoneri and the Nerazzurri made the joint decision to entrust the designing of the new stadium to Foster+Partners and Manica. The firms are working on the design, and the final project is expected to be presented around mid-2026, with full renderings of how it will look. To select the builder, a tender will likely be held open to Italian and foreign groups, who will have to guarantee compliance with the established cost cap."
"In other words, the clubs will set a budget, and anyone pitching their services will have to fall within that. Milan and Inter's owners have already determined the total investment for the project (believed to be €1.5bn). To finance a project of this scale, they have requested and obtained bank loans from JP Morgan, Goldman Sachs, Banco BPM and BPER."
Milan and Inter ownerships purchased San Siro and adjacent land and are collaborating closely on a joint new stadium project. Foster+Partners and Manica were commissioned to design the facility, with a final project expected around mid-2026 including full renderings. A public tender will likely select the builder, requiring bidders to meet an established cost cap. The total investment is believed to be €1.5bn. Financing has been arranged through loans from JP Morgan, Goldman Sachs, Banco BPM and BPER. The redevelopment plan for the Meazza area includes a hotel, small shopping centre, club headquarters, museums and a sports area.
Read at SempreMilan
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