"If we were to accept the concession fee proposed by Cagliari, €50,000 per year, we as a community would lose €36.5 million over a total of 50 years." The process for Cagliari's new stadium continues to be tortuous and fraught with difficulties , with the concession fee still to be resolved following the latest statements (and others) from the Sports Councillor, Giuseppe Macciotta.
<p>The new stadium and, in the inset, Giuseppe Farris.</p>But there's a further question, raised by lawyer and city councilor Giuseppe Farris (CiViCa 2024): "There's talk of a large private investment, but that's not the case. The public investment is certainly superior, and that's where the narrative shifts."
The obstacles remain, then. "The stadium risks costing much more than is being said," Farris attacks. "In addition to the €50 million from the Region and €10 million from the Municipality, there is also a €30 million project bond from SFIRS. Furthermore, the Municipality would have to waive the TOSAP (Tosap) tax for the entire concession area." And on the concession fee: "The reference parameters, established by EU law, suggest setting the fee between 5% and 10% of the expected revenues: according to the PEF, 5% is €785,000 per year, certainly not €50,000. Accepting that request would be a serious detriment to the community."
Farris's critical comments on the economic and financial plan have been drafted in a document, which will be submitted to the City Council Presidency. This is in preparation for the Council debate scheduled for next Wednesday. " The €60 million in contributions constitute state aid: they require notification to the European Commission, which has not been done to date . We are exposing ourselves to a whole series of risks."