1Bn?
Wow,maybe they are going to make an entire city
Hope with all the shops and hotel ours generates more revenue Than Juventus stadium.their revenue was like 40M last year.
1 billion is actually pretty standard. The big developments for 1 billion are the infrastructure costs such as parking, paving, sewer lines, etc. Essentially, an entire area needs to be razed and created, whereas Milan are using existing infrastructure. There are advantages and disadvantages of building in an established area. The advantage being the existing infrastructure, the disadvantage being cost of land, uniformity, and space limitations.
Ultimately, I see this plan as a great one. It puts all of Milan in one place as a "temple Milan."
The one thing that worries me about revenue generation is only having two floors for parking. While much of Milan uses public transportation (yay!) people do still drive places, and that's an enormous money generator, honestly.
Edit - has anyone seen the number of seats broken out? Is it 48,000 seats PLUS luxury boxes, or are the luxury boxes included in the 48,000? If it's 48,000 plus suites, that's golden. If it's 48,000 including the suites, there will definitely need to be expandability.