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Appraiser Appointed for Purchase of Vienna Austria Stadium

Die Stadt Wien bestellte Gutachter für Kauf des Austria-Stadions.
Die Stadt Wien bestellte Gutachter für Kauf des Austria-Stadions. ©APA/EXPA/THOMAS HAUMER
The proposed purchase of the Vienna Austria home stadium - the Generali Arena in Favoriten - by the city of Vienna is taking shape.

An external appraiser has now been commissioned to determine the value of the Vienna Austria stadium. This was announced by Sports City Councillor Peter Hacker (SPÖ) in an interview with the APA. The city of Vienna has a pre-emptive right to purchase and plans to exercise this right, as the department head confirmed. The purchase could be completed in a few weeks.

City of Vienna Wants to Offset Previous Funding in Part When Purchasing Vienna Austria Stadium

Vienna. The expert is now expected to provide the basis for the settlement agreement. Hacker expects the valuation to be completed in about four to six weeks. The responsible committee or the city council could then be entrusted with the matter in spring. According to current estimates, the arena of the football Bundesliga club is worth around 40 million euros. Hacker does not believe that the appraisal will come to a fundamentally different result, as he emphasized. When purchasing, subsidies that Austria has already received for the renovation of the stadium should also be taken into account. In total, this was 14 million euros. According to the city councillor, the majority of this has already been written off, but around 2 million euros could still be taken into account, he explained. "We don't want to lose control of the sports facilities," he justified the commitment: "These are facilities that are important." They would belong to the central infrastructure. It would not be desirable for investors to have the say there. This would not be in the sporting and social interest of the city, Hacker made clear.

More Flexibility for Sports Landscape Through Purchase of Vienna Austria Stadium

For future use, he envisages an opening, stating: "We want Austria to play there, that's the first priority." But the former Horr Stadium, which has been known as the Generali Arena since 2011, should also bring more flexibility to the Viennese sports landscape, as the city councillor explained. If the ÖFB wants this, matches of the national football team or the ÖFB Cup could also take place there. Other sports or grassroots sports should also find a place there in the future. This is to be regulated via corresponding paragraphs in the operating contract, which will be concluded with Austria. Once the pact is sealed, the club will be responsible for the entire management of the object, Hacker emphasized. Rent will have to be paid for this in the future. How high this will be is still open. However, Hacker stated that it will probably be a seven-figure amount annually.

(APA/Red)

This article has been automatically translated, read the original article here.

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