"AC Milan and Inter Milan passed a major hurdle in owning their own stadium after the city council approved the sale of San Siro to the clubs early Tuesday after a nearly 12-hour overnight debate. The vote to sell the existing stadium and the surrounding areas was passed 24-20 at about 3 a.m. The clubs plan to tear down the 99-year-old stadium and jointly build a new 71,500-seat arena."
"Milan and Inter released a joint statement calling the vote "a historic and decisive step for the future of the clubs and the city. [It] will lead to the creation of a new stadium meeting the highest international standards -- a world-class facility destined to become a new architectural icon for Milan and a symbol of the passion of football fans around the world.""
"The San Siro stadium and the surrounding area have been valued at €197 million ($233m), according to Italy's tax agency. The sale will have to be finalised before Nov. 10, when the second tier -- which was completed 70 years ago on that date -- takes on historical significance and would become almost impossible to tear down. Last week, the Serie A clubs announced agreements with architectural firms Foster + Partners and Manica to design a new stadium, after the city council issued preliminary approval for the sale."
City council approved the sale of San Siro to AC Milan and Inter Milan in a 24-20 vote after an almost 12-hour debate, passing at about 3 a.m. The clubs plan to demolish the 99-year-old stadium and jointly build a new 71,500-seat arena. The site and surrounding area were valued at €197 million, and the sale must be finalized before Nov. 10 to avoid historical protection. Foster + Partners and Manica will design the new venue within a 281,000-square-meter urban regeneration project. The existing stadium will host the Milan-Cortina Olympic opening ceremony, and the new arena is targeted for Euro 2032 readiness.
Read at ESPN.com
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