Inter and AC Milan have submitted a comprehensive economic feasibility report to Milan's City Council for their joint stadium project, with construction set to transform the landscape of Italian football. The new San Siro, scheduled to open in 2031, will represent one of Europe's most ambitious sporting infrastructure investments, valued at €2.149 billion upon completion.
The dual clubs estimate the facility will generate €418 million in revenue through the sports arena itself, complemented by integrated offices, hotels, and commercial spaces. This mixed-use development strategy distinguishes the project from traditional stadium designs, creating a comprehensive real-estate operation. Inter and AC Milan project a capital gain of €265 million from the enterprise, funds that will help both Serie A powerhouses narrow the financial gap with Premier League and Bundesliga clubs that have substantially outpaced Italian football over the past two decades.
Timeline and Euro 2032 Ambitions
The ambitious timeline shows construction beginning in 2027, with completion targeted for 2031—strategically timed to coincide with Euro 2032 hosting duties. However, uncertainty remains regarding whether the new San Siro will actually host tournament matches. The clubs are proceeding with momentum regardless, treating each bureaucratic milestone as confirmed progress while navigating inevitable appeals and regulatory obstacles.
Through their joint company Stadio San Siro S.p.A., the clubs have accelerated technical and financial preparations in recent months. A significant milestone involves the Revenue Agency's €175 million valuation for the clubs' purchase of the current site from Milan's City Council—marking a fundamental shift in ownership structure from municipal control to private management.
Public Unveiling and Next Steps
The architecture takes center stage in October when Inter and AC Milan will publicly reveal the facade design for the first time, building momentum before ground preparation begins. This preview represents a pivotal moment in transforming the project from municipal debate into tangible, visible reality. The new San Siro promises to reshape Milan's sporting identity and financial competitiveness within elite European football for decades to come.
