10 of the World's Most Expensive Megaprojects
From the Top Down: Ending Sexual Harassment in the Construction Industry
Spending Up for the Month, Down for the Year
Friday Funny: "Raising the Roof"
Tracking Technology Helps Construction Companies Save Money, Improve Safety
What The ‘Tech’ Just Happened to Meetings?
Weekly Grind: The Future of Construction Technology Across the Country
Friday Funny: It's Just Ergonomics
By Associated Press
November 15, 2016
ROME (AP) — Roma's planned new stadium would deliver nearly 20 billion euros ($21.7 billion) in additional revenues to the Italian capital over the next decade, according to a university study on the severely delayed project.
The privately financed 1.6 billion euro ($1.7 billion) project would also increase Rome's gross domestic product by 18.5 billion euros ($20 billion) by 2026, according to research by Rome's Sapienza University.
"This is one of the most ambitious urban regeneration works that Rome and Italy has ever seen," Giuseppe Ciccarone, Sapienza's dean of economics, said Monday.
However, the start of construction has been delayed for years with approval for the Serie A stadium, training center and surrounding business and entertainment park slowed at municipal and regional levels.
James Pallotta, Roma's American president, first presented the stadium plan in March 2014, saying then that it would be ready for the 2016-17 season.
The stadium site in Tor di Valle is about halfway between downtown and the Leonardo Da Vinci airport.
With a design inspired by the Colosseum, the stadium is slated to seat 52,500 and be expandable to 60,000 for major matches.
Roma currently shares the 72,000-seat Stadio Olimpico with city rival Lazio.
The 125-hectare (300-acre) area for the new stadium will also include a training ground for Roma, three high-rise office towers, plus parks and commercial and entertainment areas.
The study also said that the stadium project would reduce the average unemployment rate in Rome by nearly one full percentage point, with about 1,500 workers employed during the construction phase and a further 4,000 as parts of the project become operational.
Once fully operational, up to 20,000 people will be employed across the stadium and business park.
The new stadium had been included in Rome's bid for the 2024 Olympics but the candidacy was rejected in September by Mayor Virginia Raggi over cost concerns.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Weekly Grind: Mt. Rushmore's Secret Chamber and Greenland Aglow
That master strategist Sun Tzu knew a thing or two about out-thinking the competition. Turns out his focus on strategy over strength can be applied to gaining an edge in the construction industry. ... Read More
If you're a construction worker, you're most likely working physical labor and it can get hot if you're working under the sun. Here's a guide for h... Read More
As an architectural statement, the campus is a monument both to Apple’s corporate success and centrality to the global tech culture. At 176 acres, ... Read More
August 8, 2016
"Some of the cool things that we're doing on job sites today are with Rovers and the alive platform. Alive is that software platform that glues to... Read More
The National Association of Women in Construction has a new executive vice president. This change marks a “brand new day and brand new way” for the... Read More
Every construction business owner can learn a lot from competitors. But merely copying them won't do. You will just always stay one step behind. So... Read More
We've selected eight women from all walks of life to ask them one common question: what advice would you give women who want to enter the construct... Read More