Milan and Inter’s €2.3bn Stadium Project: Financing, Timeline, and Cost Breakdown

FolioPitch.com – 09 October 2026 | The GdS Financing timescale cost and more the 2 3bn stadium project roadmap has been thrust into the spotlight as AC Milan and Inter Milan accelerate their ambitious plans to replace the iconic San Siro with a state-of-the-art arena. According to La Gazzetta dello Sport, the two clubs have budgeted a staggering €2.3bn for the entire project, which includes not only the new 71,500-seat stadium but also surrounding infrastructure, administrative costs, and bureaucratic fees. The first renderings of San Siro 2.0 are set to be unveiled on October 29th by architects Foster + Partners and Manica, marking a significant milestone in the GdS Financing timescale cost and more the 2 3bn stadium project roadmap.

The journey began last November with the purchase of the current San Siro stadium and surrounding areas for €175m (net of deductions). Since then, tens of millions have been spent on consultants, legal fees, and architectural design. The rejection of appeals by the Regional Administrative Court (TAR) has reinvigorated the clubs’ plans, especially as they race to meet UEFA’s stringent deadlines for hosting the 2032 European Championships. This sense of urgency is a key driver in the GdS Financing timescale cost and more the 2 3bn stadium project roadmap.

Project Phases and Timelines

The work will unfold in several phases, with some early activities already underway, such as the demolition of the south ticket office. However, the bulk of construction is scheduled to begin in the summer of 2027, with the new stadium itself estimated to cost €708m. The goal is to open the new arena in summer 2031. Meanwhile, other infrastructure projects will progress, including the demolition and reconstruction of the Patroclus tunnel at just under €60m, and site security and management costing €15m.

Once the new stadium is built, €6m will be needed for testing alone. After inauguration, the old stadium will be demolished at a cost of €115m, a process expected to take two years and leave only a portion of the blue and orange sectors standing. The redevelopment of the remaining area and construction of a commercial zone will then proceed at a cost of €371m. The clubs have stated in writing that everything should be completed by 2036, for a total investment of €2.3bn. This comprehensive plan is the essence of the GdS Financing timescale cost and more the 2 3bn stadium project roadmap.

Financing the Mega Project

How will this colossal project be financed? The clubs have outlined a combination of equity and bank debt. The debt component will be raised through traditional financial instruments such as bank loans during construction and/or long-term bonds, with repayment guaranteed by revenues generated by the stadium. Interest from global credit giants like Goldman Sachs, JPMorgan, BofA Merrill Lynch, and Bank of America has already emerged. Last November, Inter and Milan, through their subsidiary Stadio San Siro Spa, secured a €354m loan with a pool of banks including Goldman Sachs, Morgan Stanley, MUFG Bank, JPMorgan, Banco BPM, and BPER Banca. The loan is structured in three parts: a €124m line of credit for the purchase of the stadium and surrounding areas, a €205m line of credit, and a €25m revolving line. This intricate financing structure is a critical component of the GdS Financing timescale cost and more the 2 3bn stadium project roadmap.

Cost Breakdown

The clubs are sparing no expense in their pursuit of a world-class facility. The total budget of €2.3bn encompasses not only the stadium but also the broader urban regeneration of the area. This level of investment underscores the importance of the GdS Financing timescale cost and more the 2 3bn stadium project roadmap in the clubs’ long-term strategic vision.

Conclusion

The road to San Siro 2.0 is paved with significant financial and logistical challenges, but AC Milan and Inter are determined to see it through. With a clear timeline, a robust financing plan, and a staggering €2.3bn budget, the project is set to transform the Milanese skyline and secure the clubs’ futures. As the GdS Financing timescale cost and more the 2 3bn stadium project roadmap continues to evolve, all eyes will be on the next milestones, including the unveiling of the first renderings and the start of construction in 2027. If all goes according to plan, by 2036, Milan will boast one of the most modern stadiums in Europe, a fitting home for two of Italy’s footballing giants.