Graz Stadium Plans Advance with potential joint Funding from Sturm Graz and GAK
Plans for a modernized stadium in graz are progressing, with both Sturm Graz and GAK expressing willingness to financially contribute to the project. This advancement necessitates a re-evaluation of the original planning timeline, pushing the planning decision beyond the initially anticipated autumn timeframe.
Graz Mayor Elke Kahr (KPÖ) stated, “The city and the two Bundesliga clubs are working together constructively on a solution that, on the one hand, meets the requirements of a modern stadium and, conversely, is financially realistic.”
The possibility of a “big” stadium solution, previously considered unlikely, is now back on the table. However, the financing and operational structure remain key hurdles. The city is focusing on establishing ”an operator concept…that ensures ongoing operations economically and at the same time offers space for active participation by both clubs.”
According to the City Councilor for Finance Manfred Eber’s office, both clubs are open to financial participation, and the goal is to finalize a related economic efficiency concept by 2025.
The city and the state have each pledged 30 million euros towards the project, based on a feasibility study estimating the total modernization cost at 150 million euros. However, technical experts involved believe a lower overall cost may be achievable.
Sturm Graz President Christian Jauk has proposed a contribution of 30 million euros, contingent upon the club receiving stadium marketing rights, alongside contributions of 40 million euros each from the city and state. Jauk emphasized the broader benefit of the project, stating, “It was not just about a solution for Sturm, but for all parties involved. They want to ’create infrastructure for all football fans’ and SK Sturm will make its contribution to this, ‘provided we get something in return.'” He also stressed the importance of a timely decision, stating, “The city has assured us that the decision about the stadium will not be delayed into the election campaign, and we will remind them of that…the planning decision must necessarily be made before the end of the year.”
GAK also indicated a willingness to participate in a joint funding model. GAK-Chairman Deputy Matthias Dielacher explained, “It is entirely possible to create a common construct in which you participate – in whatever relationship…You also have to be careful that two people don’t pay the same amount for the same right. The common path is probably better.” He added that defining the specific rights involved is crucial before finalizing any agreement.
The city envisions the modernized stadium as “a multifunctional and economically viable stadium that can be used beyond football operations.”