How much new San Siro will eventually be worth as £2bn urban redevelopment update emerges

Inter and Milan’s plans for a new San Siro are taking shape as a major urban redevelopment project rather than simply a new football stadium.

The wider scheme is expected to cost around €2.3 billion (£2 billion), with the completed development projected to be worth €2.6 billion (£2.25 billion).

San Siro will be more than just a football stadium

The stadium itself is expected to account for around €708 million (£605 million) of the investment, with a further €121 million (£103 million) earmarked for parking and underground areas.

Another €172 million (£147 million) is set to be spent on commercial and hotel space, while around €115m will cover the demolition and disposal of materials from the existing Stadio Giuseppe Meazza.

Financial costs and guarantees are expected to add almost €382 million (£326 million) to the overall bill, taking the total investment to around £2 billion.

Once completed, Inter and Milan estimate the entire development will be worth £2.25 billion, representing an expected capital gain of approximately €265m (£227 million).

The new stadium itself is projected to have a theoretical value of €2.15 billion (£1.85 billion) in 2032.

That figure does not represent expected revenue or a planned sale price, and the clubs have not detailed exactly how the valuation has been calculated.

The wider development will also include offices, hotels and commercial space.

Of the 162,000 square metres of new floor space, around 39% will be taken up by the stadium, with the remaining 61% dedicated to other uses. Those spaces are collectively valued at around €418m.

FGG says: San Siro will become an all-year-round destination

This is a major shift from simply replacing an ageing stadium.

Inter and Milan are effectively looking to create a year-round destination around their new home, with commercial, hospitality and leisure uses helping generate value beyond matchdays.