In the opinion of the association, the city council should decide on the preservation of Lucavsala as a green area without building rights in the future, by making relevant amendments to the development plan of the city of Riga.
Based on the latest published estimates, the implementation of the national football stadium project could cost about 44 million euros, the Sports Subcommittee of the Saeima Education, Culture and Science Commission was previously informed by LFF President Vadims Lashenko.
Of this amount, 12 million, or a little more than a quarter, would be covered by the Association of European Football Federations (UEFA). Additional financing from other sources is needed in the amount of less than 32 million euros.
These estimates are based on the fact that additional funds will not be needed for the purchase of the necessary plot of land in cooperation with the Riga City Council.
About a third of this amount, or less than 16 million euros, is needed for additional functionality to create together working spaces, offices, conference halls, a hotel and restaurants.
After the implementation of the project, the facility could generate five million euros of income annually, thus covering all maintenance costs, Lashenko estimated.
LFF vice-president and board member Olafs Pulks (JV), who is also a member of the Riga City Council, noted that the stadium will not require additional investments after the start of operation.
After evaluating nine potential stadium locations, it was concluded that the most appropriate place to build a 16,000-seat stadium is Lucavsala.
The visualization created by the German architectural office “Fiebiger GMBH”, recommended by UEFA and the International Association of Football Federations (FIFA), predicts that the total area of the multifunctional sports complex project could be less than 119,000 square meters, of which the stadium would occupy a little more than 66,000 square meters.
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2024-04-18 08:16:02