French top-flight soccer club Montpellier have revealed plans for their new stadium as part of what they claim is an unprecedented agreement between public and private entities.
The Ligue 1 outfit’s planned €150m (US$175.7 million) 30,000-seat facility is being developed as part of wider project in the Cambaceres district of the city.
Groundbreaking on the project is set for June 2019, ahead of France’s staging of the Fifa Women’s World Cup and the venue is scheduled to open before the start of the 2022/23 season. The stadium will be named after Louis Nicollin, Montpellier’s former president who died last year having owned the club since 1974.
Mayor of Montpellier, Philippe Saurel, told French newspaper L’Équipe: “Because Louis Nicollin was one of the forerunners of women's football (we have put forward) an unprecedented collaboration between public and private for controlled funding.”
The project, which will see Montpellier leave their current 32,900-capacity Stade de la Mosson, will have a total cost of €200m (US$235 million). An arena is also being developed on the site to host the city’s handball and basketball clubs, as well as a 20,000-square metre retail space to include a casino.
The City of Montpellier and the wider region will account for 30 per cent of the project costs, with the soccer club’s owner, the Nicollin Group, and the club contributing the remaining sum.
Laurent Nicollin, Montpellier president told France Infos: “We are proud to participate in and invest in such a great project, and it is certain that this site will give us the desire and the will to remain in the top ten, and to participate in European competition.”