The Club had tried to remodel its famed venue on several occasions but earlier projects were rejected
by the city and court decisions
Spanish Giants, Real Madrid has announced its plans to redevelop its iconic stadium, Santiago Bernabeu.
The club in a statement on Tuesday said it had set aside 400 million euros for the remodeling which is expected to start in 2017.
The work is expected to last till 2020.
The Club had tried to remodel its famed venue on several occasions but earlier projects were rejected by the city and court decisions.
The Club President, Florentino Perez said the remodeling will help generate more revenue for the Madrid City through its tourism attraction.
“We will see a dramatic transformation of the Santiago Bernabeu. This stadium is one of the emblematic icons of our city and we want to make it one of the best stadiums in the world and the undisputed symbol of the strength of our capital.”
“With this agreement we will start a process of modernisation and transformation that will convert the stadium into an avant-garde architectural icon. This stadium will act as an economic and touristic invigorator and will contribute to strengthening the image of our city.”
For work to begin in 2017, as is hoped, the latest proposal needs to sail through the formality of not being opposed by local residents. With the original complaints having been addressed that is expected to happen and give way to a process of bidding for the construction contract
The current 81,000 capacity will not be increased but Perez said there would be 3,000 new seats replacing old seating.
The club’s initial plan was to build a hotel and a shopping centre along with the remodelled stadium, something that had prompted fierce opposition across the city.
The club will still be able to use the new space commercially, but not how it originally planned.
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