According to Corriere della Sera, the new San Siro stadium project for Inter Milan and AC Milan has a tight construction schedule, with the official groundbreaking planned for the second half of 2027 and major work to be completed in 2031, ensuring the new stadium can be included as a venue for Euro 2032. Any construction delays or issues in the approval process could prevent the new San Siro from hosting matches at this European Championship, which will be jointly hosted by Italy and Turkey.

Currently, the final design plans for the new stadium have not been released to the public. It is reported that the project renderings could be officially unveiled in late October this year. What has been confirmed at this stage is that the new San Siro will have 71,500 seats, with more than 13,000 being premium seats. Foster+Partners and Manica are responsible for the design work, and efforts have been made to retain some iconic elements of the existing San Siro stadium during the design process.
According to the economic feasibility report submitted by Inter Milan and AC Milan to the Milan City Government, the total value of the new stadium and surrounding projects is estimated to reach €2.149 billion upon full completion in 2032. The entire project encompasses not only the stadium but also office buildings, a hotel, and commercial spaces. Both clubs hope these supporting projects will generate €418 million in market revenue.
Based on current estimates, after the new stadium is built, related new buildings are sold, and all costs are deducted, this large-scale real estate development project is expected to generate capital gains of €265 million for both clubs. However, given the project's massive scale, some financial figures may still change during the construction period.
To begin construction in the second half of 2027, relevant administrative approvals must be expedited. Stadio San Siro Spa, which is responsible for the project, submitted the implementation plan in March this year and is currently awaiting review and approval from the Milan City Government. Meanwhile, the Milan City Government has initiated a strategic environmental assessment process. After receiving final opinions, the technical and economic feasibility plan for the project will also be submitted to the Lombardy Region for environmental impact assessment through meetings with relevant departments.
Under the agreement between the Milan City Government and the Lombardy Region, the entire administrative approval process must be completed by summer 2027 to ensure construction can begin as planned.
In fact, preliminary preparations for the new stadium have already begun. In June this year, the historic ticket office on the south side of San Siro, which was built for the 1990 FIFA World Cup and has been unused since then, was demolished. As the construction area continues to expand, traffic management around the stadium has been adjusted this season, and parking will continue to be reduced. Therefore, both clubs are urging fans to use public transportation as much as possible to reach San Siro.
At the same time, the new San Siro project still faces judicial uncertainty. Several committees have filed administrative lawsuits against the San Siro project, and Italy's Regional Administrative Court is expected to rule within the coming weeks. The existing stadium and surrounding area were sold to Inter Milan and AC Milan on 5 November, after being approved by the Milan City Council on 29 September last year.
Furthermore, the project is also subject to criminal investigation, with authorities currently investigating whether there was improper conduct in the tender process. Therefore, while both clubs are fully committed to advancing the new stadium project, administrative approvals and legal proceedings will continue to directly affect whether the project can proceed according to the established schedule.
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