Real Madrid and Madrid City Council have reached a deal to allow the remodelling of the Santiago Bernabéu Stadium and the surrounding area to go ahead.
The redeveloped Stadium will have a retractable roof added as part of the €400 million project, although the stadium capacity will remain at around 80,000.
President of Real Madrid, Florentino Perez, said:
We will see a dramatic transformation of the Santiago Bernabéu. As we all know, 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.
Our club has some everlasting values. The most important of all is that Real Madrid has no owner, it belongs only to its members, who are the people who mark the direction. For madridismo around the world the Santiago Bernabéu is a place of emotions and an essential reference. With this agreement we will start a process of modernisation and transformation that will convert the stadium in to 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. This plan will also improve the whole area around of the stadium.
As well as the retractable roof, the Stadium will also feature a futuristic metal outer skin.
Madrid Mayor Manuela Carmena said:
It’s a good agreement for the city of Madrid. This agreement has been done to promote the modernisation project of the stadium and to improve the urban environment of our beloved Bernabéu.
A proposed hotel and commercial area for the site are still to be negotiated. Work is expected to begin on the stadium in 2017 and should be completed by 2020.
Images Courtesy Real Madrid