The new stadium for AC Milan has been a top priority ever since Gerry Cardinale and RedBird purchased the club from Elliott Management. Significant progress has been made in San Donato, specifically in the San Francesco area, as the project is now being discussed within the framework of a program agreement.

Over a billion euros

On July 24, the municipality of San Donato officially began the Strategic Environmental Assessment (SEA) of the project. As highlighted by Calcio e Finanza, Milan increased the estimated cost from the initial €948 million to €1.28 billion. A large portion of this increase is due to the Rossoneri allocating an additional €240 million for extra costs, which include the purchase of more land than originally planned.

The project covers an area of over 486,000 m² and includes not only the stadium but also a range of buildings and services surrounding the venue, such as AC Milan's headquarters, a museum dedicated to the club, an official store, a 200-room hotel, and various commercial and dining facilities.

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Detailed cost breakdown

According to Calcio e Finanza, the breakdown of the costs for the San Donato stadium project in Milan is as follows. It includes not only the stadium area but also its surrounding infrastructure:

The so-called stadium sector will cost €554.247 million, which is divided into:

• Stadium: €451.1 million
• Podium parking: €72.7 million 
• Square finishing: €14.2 million 
• AC Milan museum: €6.2 million 
• Team store: €6 million 
• Food and beverage facilities: €1.9 million 
• Land reclamation: €1.8 million

The real estate sector will amount to €220.1 million and includes:

• Entertainment district: €92 million 
• Parking: €51.5 million 
• Hotel: €41.6 million 
• AC Milan headquarters: €24 million 
• Square finishing: €10.1 million

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Additionally, further costs are expected for urbanization (€81.3 million), external works (€20.5 million), power plants (€15.6 million), safety fees (€27.6 million), and urbanization fees (€29.3 million), bringing the total to €1.281 billion. The entire investment will be financed through private funds, with priority given to infrastructure and the stadium itself, while other ancillary functions will have lower priority to ensure the project's economic sustainability.