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10 years of FIF
The Corriere della Sera analyzes the documents presented by Inter and Milan to the City in yesterday’s meeting. According to the newspaper, “it will take 32 years to reach even and return the investment of €1.23B planned for the construction of the new stadium and the multifunctional district that includes a shopping center, hotel, spa, convention center, offices and parking lots.”
On the total cost of €1.23B, “this investment will be made with a loan that will cover 90% of the investment with a duration of 30 years and an interest rate of 5% per year. It is divided as so: €563M for stadium (€2.7M for land, €204M for the base structure, €80M for construction site costs, €48M for furniture), €472M for the multifunctional area (€25.5M for hotel, €106M for offices, €135M for shopping center).”
In addition, there will be another €44M for the demolition of the current Meazza, primary and secondary urbanization operations (€81M).
This is a huge investment but it will generate €124M in revenues per year. Of these, €69M will come from the stadium, €55M from the recreational district, €13.8M from naming rights and €16M by museum visitors, €3.2M from restaurants, €11.4M from weekly events, €24.5M from commercial areas, another €18M from offices, another €2M from the entertainment areas.
On the total cost of €1.23B, “this investment will be made with a loan that will cover 90% of the investment with a duration of 30 years and an interest rate of 5% per year. It is divided as so: €563M for stadium (€2.7M for land, €204M for the base structure, €80M for construction site costs, €48M for furniture), €472M for the multifunctional area (€25.5M for hotel, €106M for offices, €135M for shopping center).”
In addition, there will be another €44M for the demolition of the current Meazza, primary and secondary urbanization operations (€81M).
This is a huge investment but it will generate €124M in revenues per year. Of these, €69M will come from the stadium, €55M from the recreational district, €13.8M from naming rights and €16M by museum visitors, €3.2M from restaurants, €11.4M from weekly events, €24.5M from commercial areas, another €18M from offices, another €2M from the entertainment areas.