Milan – Italian relic authorities have no objection to destroying the San Siro arena in the 1920s Milan era, a document seen by Reuters, eliminating major obstacles to the city’s top football club plans to replace it with a new stadium.
The AC Milan and Inter Milan Serie A clubs are each owned by U.S. funds. Elliott and Chinese electronics retailer Suning, submitted a request last year to jointly build a new 60,000-seat stadium in the San Siro area.
The new stadium is a key element in the € 1.2 billion ($ 1.31 billion) wider real estate plan for the district, which includes the destruction of almost all of the historic San Siro arena, home to both teams.
Although approval from the inheritance authority is not a final decision, this is an important step towards implementing the plan.
In the opinion of the authorities to the city of Milan which owns the site, the arena has no architectural significance that will prevent its demolition. After some rebuilding, only a small remnant of the stadium’s oldest section, built in 1926, remains.
Clubs and municipalities have been in talks for months to try to find a compromise on plans to replace the arena which is almost a century old, sometimes dubbed “La Scala del Calcio” (“La Scala Soccer”) – a reference to Milan’s famous opera House.
City representatives, including Milan mayor Giuseppe Sala, have repeatedly questioned plans to destroy the San Siro and the club has modified an initial project that will ruin the entire stadium.
The plan under discussion includes destroying most of the old arena but making it part of a kind of city landmark where clubs will build new publicly available sports facilities.