The property in and around the San Siro will cost Inter Milan and AC Milan just under €200 million.
This according to today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews. They report that the club’s feasibility plan and proposal includes an offer of €197 million.
Yesterday, Inter Milan and AC Milan submitted a feasibility plan and proposal to the city of Milan regarding their plans to build a new San Siro.
The Nerazzurri and the Rossoneri are planning to buy the land around the iconic stadium. They will tear down part of the existing structure, but built the new facility adjacent to it.
A key part of Inter and Milan’s plan is to purchase the land in and around the San Siro.
Currently, the entire property is owned by the city of Milan. The two clubs just rent the stadium from the city.
But the clubs are aiming to buy the property and to build a new stadium which they own on it.
And that is what Inter and Milan have now officially proposed to the city.
The feasibility plan and proposal that the clubs submitted yesterday contains a detailed proposal on a stadium that will hold around 70,000 spectators, and for a renewal of the property that includes over 50% green space.
The total construction cost of the project will be over €1 billion for the clubs. And of that, €197 million will be the payment to the city of Milan for the property.
Tuttosport note that Inter and Milan want to begin construction in 2027. This could see the new stadium ready for them to move in in 2030.
