The Riga City Council will decide on the allocation of more than 10 hectares of land for the construction of the national football stadium in Lucavsala.
Today, the City Property Committee of the Riga City Council supported the transfer of land for free use to the Latvian Football Federation. The land will be put into use until the real estate is needed by the municipality to ensure its functions, but for no longer than five years.
Within five years, the LFF must develop the documentation for the construction of the stadium and the municipality will have to decide on the future action with this land, for example expropriating it in favor of the federation.
As MP Kaspars Spunde (NA/LRA) said at the committee meeting, when the stadium is built and a new street connection is built through Kaza sekli, some small gardens will suffer and will have to be eliminated. Therefore, the municipality will have to offer residents another area where they can cultivate gardens.
The final decision on the allocation of land for free use by LFF will have to be made by the Riga City Council.
Based on the last published calculations, 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.
Tags: hectares allocated construction national football stadium Lucavsala
