Milan--Serie A club Roma unveiled proposals on Monday for a new state-of-the-art stadium that is part of their ambition to "become one of the most successful football clubs in the world".
Unveiling the project at a media briefing attended by project partners and city council representatives, club president James Pallotta said the project, three years in the planning, was "an historic milestone for the City of Rome and AS Roma".
"Mayor Marino and his staff have been challenging us along the way to make the project better and I believe we've done everything we could to make Tor di Valle-Stadio della Roma a new safe, connected, exciting and sustainable epicenter that will allow a better way to live in the city and trigger economic development in the area, with AS Roma and the new stadium serving as the anchor for many generations to come," Pallotta said in a club statement.
"We all look forward to playing in AS Roma's new stadium. The fans deserve this new stadium and it will be a key driver for the club's continued success."
Calling the project "one of the most important privately-financed projects of urban regeneration in Europe", the project features a 52,500-60,000 seater stadium, a business park, a centralized entertainment district convivium and green areas.
It is expected to cost "approximately 1.1 billion Euros", according to the club, and would "ensure that this sports, commercial and entertainment complex is a lasting and viable new addition to Rome's most enduring landmarks".
Mark Pannes, CEO of Stadio della Roma, said: "Tor di Valle-Stadio della Roma is a project that will reboot the spirit and energy of the great city of Rome and its citizens.