A historic chapter in Italian football is drawing to a close as AC Milan and Inter Milan prepare to part ways with the iconic Stadio Giuseppe Meazza, commonly known as the San Siro.
The shared home of the Rossoneri since 1926 and the Nerazzurri since 1947 will undergo a near-total demolition to make way for a state-of-the-art joint arena.
The official presentation of the new venue took place on 29th October 2026 at Milan's Castello Sforzesco, finally pulling back the curtain on one of European football's most anticipated developments.
Designed by renowned architectural firms Foster + Partners and Manica, the comprehensive project will feature a modern seating capacity of around 71,500.
The two clubs first presented a joint proposal for a 60,000-seat arena in 2019, only to be stalled by bureaucratic hurdles and political pushback.
While Milan briefly explored building a solo stadium elsewhere in 2023, the rivals eventually reunited to present a unified front.
How much will AC Milan and Inter Milan's new stadium cost?
The multibillion-euro investment extends far beyond the arena itself, covering site acquisition, demolition work, infrastructure improvements and surrounding commercial development:
- Over €708 million dedicated directly to constructing the new stadium.
- €284 million already allocated toward the purchase of the San Siro site, adjacent land, and initial design fees.
- Over €80 million earmarked for essential infrastructure and completion works.
- €115 million for the phased demolition of the current Meazza.
- Approximately €370 million dedicated to developing the adjacent commercial district by 2036.
The total cost for the new stadium is set to be around €2.3 billion.
San Siro demolition and project timeline
Under the approved blueprint, roughly 90% of the existing Giuseppe Meazza will be torn down.
A preserved 10% segment of the second tier will remain standing as a protected monument to the ground's illustrious sporting heritage.
Construction on the new arena is scheduled to break ground in the summer of 2027, with completion targeted between late 2031 and early 2032.
Demolition of the current stadium will run concurrently in its final stages, beginning in 2031.
Euro 2032 ambitions and urban regeneration
The timeline ensures the new stadium will be fully operational ahead of UEFA Euro 2032, which Italy will co-host alongside Turkey, establishing Milan as a flagship host city for the tournament.
The development serves as the centerpiece for a broader urban regeneration initiative spanning 281,000 square meters.
The complex will house modern commercial spaces, office hubs, luxury hotels, and dedicated club museums for both Milan and Inter.
Where will Milan and Inter play during construction?
Both clubs plan to avoid relocation during the build.
Because the new stadium is slated for construction on the current facility's parking grounds, matchday operations at the existing San Siro can continue uninterrupted alongside the building site until the new arena opens its doors.
Therefore, during construction of their new stadium, AC Milan and Inter Milan will continue to play at the San Siro.
