Generali Stadium
AC Milan and FC Internazionale Milano unveiled the design for Generali Stadium, the replacement for San Siro, named under a naming-rights agreement with Generali, the official insurance partner of both clubs.
Official WebsitePiazzale Angelo Moratti, Milan. Targeting 2031. Financed with $354M in August 2026.
Foster + Partners and MANICA designed a roughly 71,500-seat stadium with two seating tiers wrapping a 360-degree bowl, set within a 281,000-square-meter district of new public spaces, green areas, leisure and retail built to draw visitors year-round for sport, culture and entertainment. Natural ventilation and photovoltaic generation are part of the design. Club owners RedBird and Oaktree are backing the investment.
TAR Lombardia rejected or declared inadmissible all five appeals against Milan's sale of the Meazza and surrounding land to Inter and AC Milan (Calcio e Finanza, Open); an appeal to the Consiglio di Stato remains possible.
calcioefinanza.itAC Milan and Inter finalised their acquisition of the Giuseppe Meazza stadium and surrounding land from the City of Milan, clearing the last ownership hurdle before the rebuild. Site preparation has begun on the existing stadium complex, whose historic ticket office was demolished in mid 2026, and the Meazza bowl itself is slated for demolition as the new ground rises alongside it.
foxsports.comSan Siro Spa closes construction financing: the stadium company formed by AC Milan and Inter closed a construction facility reported at EUR 354 million from a syndicate of international banks, fixing the build programme at roughly 36 months from an October 2027 start. Amount is in EUROS; the field coerces the display to a dollar sign, so read the figure as EUR 354M. No individual lender is named in the sourcing, so the lender field is deliberately left empty rather than filled with a non-name.
sempreinter.comSite sale to Milan + Inter closed Nov 2025; first physical works began early July 2026 (historic ticket office demolished, Parco dei Capitani closed for remediation). Early works only, main stadium groundbreaking ~2027, legal appeals pending.
stadiumdb.comInter and AC Milan submitted the Piano Attuativo for the San Siro area to the Comune di Milano, now in VAS environmental review; works planned from H2 2027 over about four years, targeting EURO 2032 (Calcio e Finanza).
calcioefinanza.itMilan council approved the ~€197M site sale (Sept/Oct 2025) & Foster+Partners/MANICA appointed, but design reveal is ~July 2026 and groundbreaking targeted ~2027.
archdaily.comThe outlook for Generali Stadium
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Frequently asked
Where is Generali Stadium located?
Generali Stadium is located in Milan.
When will Generali Stadium be built?
Generali Stadium is an announced development that has not yet started construction, targeting completion in 2031 (a TMW estimate).
Who is developing Generali Stadium?
AC Milan, FC Internazionale Milano is the developer behind Generali Stadium.
Who designed Generali Stadium?
Generali Stadium was designed by Foster + Partners, MANICA.
Who is financing Generali Stadium?
Generali Stadium secured $354M in financing in 08.26.