The ownerships of AC Milan and Inter remain in constant contact about the new stadium project, and work is underway on the design process.
According to Corriere della Sera (via MilanPress), the two clubs have proceeded to the next step after purchasing San Siro and the surrounding land. The ownerships of Milan and Inter – RedBird and Oaktree Capital – are in constant negotiations with each other and with the two architectural firms.
As a reminder, the Rossoneri and the Nerazzurri made the joint decision to entrust the designing of the new stadium to Foster+Partners and Manica. The firms are working on the design, and the final project is expected to be presented around mid-2026, with full renderings of how it will look.
To select the builder, a tender will likely be held open to Italian and foreign groups, who will have to guarantee compliance with the established cost cap. In other words, the clubs will set a budget, and anyone pitching their services will have to fall within that.
Milan and Inter’s owners have already determined the total investment for the project (believed to be €1.5bn). To finance a project of this scale, they have requested and obtained bank loans from JP Morgan, Goldman Sachs, Banco BPM and BPER.

What Scaroni said
During his appearance on Nicola Porro’s programme 10 minuti on Rete 4, Milan president Paolo Scaroni shed some light on what the vision is for the area in the west of the city.
“In the area currently occupied by the Meazza, we will build a hotel, a small shopping centre, and we will house the headquarters of Milan and Inter. We will also place the museums of the two teams and create a sports area next to the new stadium.
“I have always described the San Siro area as a desolate wasteland, in the sense that I consider it an area that is either too empty or too full: too full when there are matches, but the rest of the time it is empty, completely empty and dark to the point that one is afraid even to walk there.
“We envision a stadium that is always alive, day in and day out, even when there are no matches, with restaurants and entertainment options.”

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