AC Milan and Inter have presented the design for a new shared stadium to replace San Siro, a 71,500 seat arena to be called Generali Stadium under a naming rights agreement with the Italian insurer reported at about 650 million euros until 2052. The wider district redevelopment is estimated at about 2.3 billion euros, covering the stadium, surrounding facilities and financing costs. The design, by Foster + Partners and Manica, is oval with more than 13,000 premium and hospitality seats.
The clubs bought the San Siro site and surrounding areas last November for 175 million euros. The new stadium will be built beside the existing ground, which stays in use during construction and will then be largely demolished, with selected elements preserved in a new park. The surrounding 281,000 square metre renewal includes museums, shops, hospitality and commercial space, including a hotel component costed at 44 million euros in project documents.
Financing will combine equity and bank debt, with repayment supported by stadium revenues, according to the clubs’ filings reported by Gazzetta dello Sport. The owners are RedBird Capital for Milan and Oaktree for Inter. Reported timetables differ on the construction start, 2027 in the clubs’ roadmap and 2028 in Bloomberg’s account, with opening targeted for the 2031 to 2032 season and full completion of the district by 2036.
The deadline pressure is UEFA Euro 2032, which Italy co hosts with Turkey and where the venue would stage matches as Milano Stadium. Regulatory approval remains the key near term step, and the 2.3 billion euro figure is a plan estimate, not a construction contract.