Study details economic benefits of planned new Roma stadium

Markets Associated Press

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.

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According to the Sapienza University study, the privately financed 1.6 billion euro ($1.7 billion) project would also increase Rome's Gross Domestic Product (GDP) by 18.5 billion euros ($20 billion) by 2026.

The start of construction has been delayed for years with approval for the Serie A stadium, training center and surrounding business 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.