The mayor of Florence Dario Nardella on Tuesday he communicated that 55 million euros of funds from the PNRR (the European Union’s investment plan to help member countries emerge from the crisis caused by the pandemic) were reassigned to the municipality: the government had taken them away because the municipality had planned to use them to redevelop the city’s rather run-down stadium, the Artemio Franchi, but the work had been deemed inadmissible by the European Commission.
The local administration had always maintained that it could still receive the funds to allocate them to other works consistent with the PNRR, which could have freed up corresponding municipal resources to be allocated to the stadium. The government finally accepted, and in a decree-law on PNRR funds published on Saturday it reassigned the overall share of 157 million euros to the city of Florence, which also contains the 55 million that had previously been reduced.
Those 55 million euros were only a portion of the cost of the redevelopment of the stadium, which should amount to just over 200 million, of which 151 come from the Complementary National Plan (PNC), a fund paid by the State to carry out projects supplementary to those of the PNRR. To meet the deadlines for public funds, the renovation must be completed by 2028 (the deadline was recently moved by two years, the previous one was set for 2026).
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