Sole 24 Ore: Negotiations on as Milan plan €600-700m investment for new 70k home

AC Milan are expected to make a decision on the site for their new solo stadium project by the end of the month, a report claims.

Sole 24 Ore believe that the decision could even arrive within two weeks and the current feeling is that Milan will build their own stadium in the more peripheral area of ​​La Maura, near the Hippodrome district, an area that shelters the team from a complicated process and which should allow an investment of between €600-700m by 2028.

This is the date that the leaders of the club have set for the construction and eventual opening of a new stadium with a capacity of around 70,000 people. Various delays in the previous project for a new shared stadium with Inter slowed it down, so the Rossoneri have decided to accelerate other solutions.

Here is how things will go: in mid-March Milan will meet the leaders of the Council about the possibility of starting the new project in this 750,000 square metre area. The land was to be sold by Snaitech to the entrepreneur Federico Consolandi, for real estate investment, however the latter seems willing to sell the land to Milan.

The facilitation derives from the fact that the land already has a sporting purpose, so at the moment there does not seem to be a complicated variant to the PGT (the town’s urban plan). A program agreement will be sought between the Lombardy Region, the Council of Milan and AC Milan.

It will have to pass through a vote, but the absence of changes to the purposes of the terrain (since the land is already designated as having a sporting purpose) means there should not be an excessive waiting period.

The negotiation for the acquisition of the areas is underway. It is an agreement between private individuals and this also streamlines the procedure. Now the project will have to be redone and there is no longer the obligation to create residential and green spaces, even if obviously Milan are aiming for a sustainable project.

As far as Inter are concerned, plan B doesn’t exist yet, even if they are looking for it. They could well stay at San Siro, with the expectation that the Council will review the annual fee of around €10m which has been shared with Milan.