Previous plans had been released by AC Milan to build a new stadium on their own, but it appears that they are about to share a new $800 million stadium with Inter Milan on land next to their current home at the Giuseppe Meazza (known commonly as the San Siro). The two clubs have subsequently launched their bid to knock down the iconic San Siro and build a new 60,000-capacity home on the same site.
According to NBC Sports, AC Milan president Paolo Scaroni confirmed last month that “Everything is proceeding. We will make a new San Siro together, next to the old one in the same area of land. The old man will be knocked down, and in its place, there will be new buildings built”.
Recently, in a joint statement to AFP, the two clubs said, “Today, AC Milan S.p.A. (AC Milan) and FC Internazionale Milano S.p.A. (FC Internazionale) filed with the Municipality of Milan the ‘Technical and Economic Feasibility Study’ for the new Milan stadium and its multifunctional district.”
The first step towards the construction of a new ground will be taken adjacent to the current San Siro, while the old stadium will make way for an area “dedicated to sports, entertainment, and shopping”. Both clubs indicated that the project will require an investment of 1.2 billion euros ($1.34 billion) and lead to jobs for 3,500 people.
Although this action has not proved to favoured by the public due to the historical value of the old stadiums, it is still endorsed by most clubs in Italy, who believe that it was only a matter of time until this changed.
Atalanta, who are in next season’s Champions League after finishing ahead of the Milan clubs in May, are building a new ground on the site of the formerly city-owned Stadio Atleti Azzurri d’Italia.
Serie A rivals Roma are also trying to get a similar project in the south-west of the Italian capital built, but it has been stuck in a bureaucratic quagmire since being given initial ‘public interest’ approval in 2014. Nonetheless, this project has been complicated by the need to build infrastructure to serve the 52,500-capacity arena and disputes over the proposed adjacent business park.