Milan released a statement outlining their plans for a new 48,000-seater stadium in the Portello area of the city.
The project has been in the works for some time and today the club confirmed it has made a bid for the land, hoping to open the arena in 2018-19.
The stadium are would include a hotel, a school for the sports academy, restaurants, playground areas and spaces for young artists to showcase their work.
Milan’s staff studied more than 70 stadiums around the world when drawing up the project with Arup, who designed Bayern Munich’s Allianz Arena.
The stadium is meant to fit into the architecture of the city, so would be only 30m above ground compared to San Siro’s 60m.
New technology would prevent the sound seeping out of the stadium and public transport links aimed at minimising traffic congestion.
The plans predict 1,000 jobs created in its construction and 500 full-time employees once the stadium is up and running.
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