Sweden's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

New Stockholm arena gets financial go-ahead

Share this article

New Stockholm arena gets financial go-ahead
15:26 CET+01:00
Plans for the proposed 30,000-seater arena in the Swedish capital can begin after Stockholm City Council announced a financial agreement with AEG Facilities, the company that will run the stadium.

"Having agreed a contract with AEG the last piece of the puzzle is in place turning this into a reality,” said Madeleine Sjöstedt, head of the council's culture and sports department.

The arena, to be located in the south of the city, will replace the current Söder Stadium and is set to open in 2012 with a cost estimate to the tune of 2.7 billion kronor ($400 million).

Details of the agreement remain confidential yet the city's political leaders have promised that the project will be ”cost neutral for Stockholmers.”

Events should cover its costs and the arena should aim to show a profitable business by 2019.

Primarily a sports venue for football and ice hockey, the stadium will be built to host 30,000 spectators and extend to 40,000 for pop concerts, with a retractable roof.

The city council is set to make a formal decision on the financial implications on December 14th after which building on the new arena can commence.

AEG is a world-leading player within the sports and entertainment arena industry.

“We have a very professional partner,” Sjöstedt added.

”AEG runs over 180 arenas across the globe so if anyone can make this happen, they can.”

 
Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

New Malmö museum will focus on ‘democracy and migration'

Change starts with one small step, whether it be a large or small scale project, it all requires movement. It's a logic that can be applied to starting a new national museum from scratch, especially one with an innovative theme that is going to take several years to come to fruition.