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New Stockholm arena gets financial go-ahead

TT/Christine Demsteader · 13 Nov 2009, 15:26

Published: 13 Nov 2009 15:26 GMT+01:00

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"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.

Story continues below…

“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.”

TT/Christine Demsteader (news@thelocal.se)

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Your comments about this article

20:03 November 13, 2009 by Greg in Canada
Does this mean that Stockholm is now going to get an NHL hockey team? :-)
21:37 November 13, 2009 by tigger007
now that was funny! i think the stadium should hold atleast 60,000,it will be small in comparison to other major cities stadiums. there are over 50 swedish players in the NHL,so they might get a team. ;-)
23:13 November 13, 2009 by Greg in Canada
There have been some very popular Swedish players on the Toronto Maple Leafs over the years. Hasn't helped the Leafs much though. They still suck.

Montreal is my fav team, but they're not doing great this season either.
16:08 November 14, 2009 by bravedave
They (the swedes) could do with a bigger stadium, thing is the only realistic place they could build it is Gärdet, there is no room in and around the Globen area for a 60,000 capacity stadium.
20:09 November 14, 2009 by ShaneW
Nice of AEG to stump up the cash for this, shame they as 49% shareholders in Hammarby IF have never contributed to funds to actually sign decent players...wonder why they bought almost half of Hammarby ....answers on a postcard to...

Disgruntled Bajare,

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