The public debate on the new San Siro project is underwayafter that In recent days, Inter and Milan delivered the update of the “Technical Economic Feasibility Study”in which they also provide an estimate as regards the construction of the new plant and the multipurpose sector that will be born.
THE TIMINGS -. As reported by Football and Finance, who has viewed the official documents, “For the realization of all the works it has been estimated a timing of about 80 months (2403 consecutive calendar days). The starting date of the works was assumed to be January 1, 2024, so as to guarantee the opening to traffic of the Patroclus underpass for the 2026 Winter Olympics, freeing the local surface roads from traffic flow “. However, to meet these deadlines “The conclusion of the authorization process by the year 2023”.
ALL DATES – Below what will be the fundamental dates:
– Start of works: January 1, 2024;
– Soil and subsoil environmental activities and rubble disposal: from 21 January 2024 to 7 August 2028 (1660 days);
– Phase 1: from January 1, 2024 to November 18, 2027 (1417 days);
– Phase 2: from 13 September 2027 to 31 July 2030 (1053 days);
– Completion of works: 31 July 2030 (a total of 2403 days from 1 January 2024).
THE INCOME – Inter and Milan expect to collect 120 million euros per season from the new stadium e Football and Finance it traces all possible revenues, of the stadium sector and of the multi-purpose sector. This is the detail:
The figures of the stadium sector
Starting from the stadium sector, these are the items and the related revenues considered:
Naming Rights – € 17,880,000
Other Sponsors – 9,000,000 euros
Parking – 1,000,000 euros
Concessions / Merchandise (net) – 5,500,000 euros
Tour / Museum – 18,129,000 euros
Tourist visits – 12,000,000 euros
Corporate Events / Concerts – 11,400,000 euros
Bar / Restaurant / Catering – 5,209,183 euros
TOTAL ANNUAL REVENUES – 80,118,183 euros
The figures of the multi-purpose sector
Turning instead to the multi-purpose sector, the figures have decreased compared to the original values taking into account the lower quantities available (reduction effect of the building index) and “normalizing” them to take into account the “reversal” on prices of the increase in construction costs . These are the items and the related revenues considered:
Congress Center Revenues – 910,066 euros
Offices – 8,861,625 euros
Parking lots for offices – 419,813 euros
Retail Parking – € 6,884,904
Leisure & Entertainment activities (including commercial activities) – 23,208,092 euros
TOTAL ANNUAL REVENUES – 40,284,500 euros
The sum of the two sectors returns the 120.4 million euros of incremental revenues, a figure that Milan and Inter estimate to reach in 2030, when the works of the multi-purpose sector are also completed. In fact, it is expected to start from a minimum of 40.2 million in 2025 (from the stadium alone) and to grow in the following years until reaching full capacity in 2030.
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