The two Milan based clubs in last month revealed plans to replace the Stadio Giuseppe Meazza commonly known San Siro.
With regards to the regeneration project of the new stadium, it was followed by ‘Technical and Economic Feasibility Study’ as both clubs expect to provide 3,500 jobs in the San Siro locality.
Both clubs in a joint statement confirmed the new project on Wednesday.
"AC Milan and Inter filed with the municipality of Milan the technical and economic feasibility study for the new Milan stadium and its multifunctional district.
"The proposal to the local institutions marks a first official step by the clubs, beginning a shared journey together with the municipality towards constructing a modern, sustainable and accessible urban district in the San Siro area, built around a new world-class stadium.
"The documentation submitted by the clubs consists of a detailed technical and engineering study which does not yet include an architectural component."
“The project aims at enhancing the San Siro area with the realisation of:
- a new modern stadium, of approx. 60.000 seats, in the area adjacent to the existing Meazza (owned by the City of Milan and currently given in concession to the two Clubs);
- a multifunctional district in the area where the Meazza currently stands, dedicated to sports, entertainment, and shopping, that will become a vibrant destination for citizens, fans and tourists 365-days/year, creating jobs for over 3,500 people.
“This is a comprehensive project that foresees private investments of over 1.2 billion euros and the implementation of which is essential in bringing Milan's football back to the elite of the European and global football arena.”
The clubs have shared the stadium since 1947 with the venue considered as one of the iconic grounds in European football having hosted a lot of top-flight football encounters like the 1990 World Cup matches and four European Cup/Champions League finals.
