Milan president Paolo Scaroni has revealed that the hope is to break ground on the construction of the new stadium next year.
The two clubs confirmed that they have finally struck an agreement with the Municipality over the size and scale of the development, as announced via a press release.
The clubs met with the Council earlier on Tuesday to pitch their new demands and the press release confirms the total volume of the project, including the new stadium, commercial area and green and public areas, will be 220,000 square metres.
It was an important step for the two clubs who are edging towards a complete agreement for the entire project, with an inauguration date for the new stadium floated around as being 2024.
Scaroni was interviewed by Sky Italia during an event of the Milan Foundation in partnership with the Banco Alimentare della Lombardia.
“We wanted to put an end to this long negotiation and we made a important sacrifice,” he said (via MilanNews).
“I am optimistic because a project that we have tailor-made to satisfy what the Council has asked us that brings so much work, so much money, so many new things to Milan, I do not see who can oppose such a project. I am confident that for the spring of next year we will start work.”
On the refurbishment of the current San Siro, he added: “A good half of the stadium will remain, because apart from the third ring that we will remove and which has always been a bit of an anomaly for the Meazza, we will keep two whole walls.
“When you arrive at San Siro you will see how the Meazza is, it is not that it will disappear from the scenario.”
“When will we choose one project or another? I would say in the coming weeks, because when we start the detailed design, which will be a very expensive design, we think we will spend 40 million euros only on design, we have to do it on one project, we can’t do it on two.”