AC Milan to develop new stadium; Inter expected to stay at San Siro
Milan is set to build a new stadium at the northern Italian city's old trade fair grounds, after the club announced its bid was successful.
An elongated tender process was finally completed Tuesday, with Milan winning the right to develop the city-based venue ahead of construction company Vitali SpA.
Milan CEO Barbara Berlusconi hailed the decision, with the club planning to build a 48,000-seat stadium approximately 2.5 kilometers toward the center of the city from its current San Siro home.
"Today, with the decision of the Fair Foundation, officially starts the path that, at least in our intentions, will lead to a new stage," Berlusconi said in a statement on Milan's website. "It's a first step because it will have to submit the entire project to approval of the institutions. Today, however, is a historic day."
Milan plans to make the stadium public-transport friendly, while Berlusconi claimed it will bring in 50 million to 80 million euros ($55 million to $88 million) per year in revenue "that will be used for the purchase of new players."
The decision means Milan will join fellow Serie A clubs Juventus and Udinese in building new stadiums since the 1990 World Cup in Italy, while Roma has also released plans for a new home.
Milan is expected to move into the new stadium for the 2018-19 Serie A season, while Inter will take over San Siro completely, allowing it to redevelop the currently shared venue into its own exclusive home.
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