Milan Clubs Unveil 2.3 Billion Euro Plan for New Hexagonal Stadium

Football giants Inter and AC Milan have officially named their future shared home the Generali Stadium.

The announcement took place on Thursday at the Sforzesco Castle in Milan. The new venue will replace the current Giuseppe Meazza stadium, also known as San Siro, starting with the 2031/32 season.

The project carries a total construction cost of 2.3 billion euros. Of that sum, 700 million euros is allocated specifically to the sports facility. The vehicle managing the project, San Siro SPA, has secured a 354 million euro loan from a group of Italian and foreign credit institutions. This financing will cover land purchases and the initial phases of construction.

Both clubs will manage the operation through project finance. They will combine their own capital with long-term bank loans and bonds. Repayment will rely on the revenue generated by the stadium itself. This represents the largest investment in the history of both clubs.

The structure will feature a hexagonal design with a total capacity of 71,500 seats. Of those, 13,000 will be premium tier. The arena will have two rings, with stands positioned close to the pitch. The end sections will rise vertically, while the main stands will be covered. The complex will include parking, retail shops, and restaurants. It will feature the largest screens and LED lighting in Italy, displaying match footage and advertisements between the rings. The design also includes soundproofing to reduce noise impact on nearby homes.

Regulatory permits are expected to be completed by the summer of 2027. Construction can begin once those approvals are in hand. The new structure must be finished by the end of 2031 to host matches for Euro 2032. Meanwhile, the current San Siro stadium will undergo partial demolition and rehabilitation. That renovation project is estimated to cost 100 million euros and will take two years to complete.