New Feyenoord Stadium In Doubt After Council Says It Won't Back Project
Plans for a new stadium for Dutch Eredivisie side Feyenoord "have been thrown into doubt" after democratic councilors in the port city of Rotterdam said that they would not back the project, according to DUTCH NEWS. The decision "makes it doubtful the city council will be able to muster a majority" for the €165M ($212M) guarantee necessary to ensure the development goes ahead. The party said that it thinks "the plan is too risky and there is not enough benefit to the city itself in terms of the economy, sport and jobs." The new stadium is costing almost €400M ($514M) and the council has been asked to guarantee €165M. In addition, the council will need to invest €35M ($45M) in the land and €36M ($46M) in local infrastructure improvements (DUTCH NEWS, 7/9).