The World Cup 2014
will be in Brazil.
Read news about the World Cup 2014 in Brazil.
August 5th, 2010
Credit of Images: Castro Mello Arquitetos.
This new Arena would be built in the neighbourhood of Itaquera, in the Eastern end of the city of Sao Paulo, where Corinthians owns a large area. The stadium would have connection to the Corinthians station of the Metro, which would help solve many accessibility problems faced by other stadia.
The stadium would have capacity of 55,000 seats. By installing retractable modules, the capacity could be expanded to 65,000, which would permit the stadium to host the opening match of the Cup.
Estimated cost is R$ 400 million (the estimated cost for renovation of Morumbi was R$ 650 million). The projects (including licenses) would take eight months, and the works would take two years.
According to Copa 2014, Grupo Advento would find the necessary fundings. In return, the group would have a share of the revenues from the stadium for a period of ten years – and after that, Corinthians would still receive R$ 200 million in cash.
If Corinthians can really obtain fundings, the project has very good chances to be approved by CBF.