Club: SE Palmeiras | Capacity: 45,000 seats | Scheduled opening: late 2013 | Status: under construction
Allianz Parque is the currently under construction new stadium of Palmeiras. The stadium is being built at the same site as Palmeiras’ old Estádio Palestra Itália.
Palmeiras played their last match at the old stadium in July 2010. The majority of the stadium got consequently demolished and in late 2011 was started with the foundations of the new stadium. By the middle of 2013, the stands had been erected and works were performed on the roof.
The project, budgeted at a total cost of R$ 330 million, is expected to be completed late 2013. Earlier in 2013, Palmeiras announced a naming rights deal with insurance firm Allianz and gave fans the choice to vote for their favourite name incorporating Allianz, resulting in Allianz Parque.
Allianz Parque will have a capacity of 45,000 seats, all covered, including a total of 2,000 places in VIP lodges,
The stadium is being developed as a multifunctional stadium and is expected to host concerts, conferences, and other events. The club have already signed a contract with entertainment group AEG to partner in operating the stadium.
Despite complying with FIFA requirements, Allianz Parque will not be a playing venue during the 2014 World Cup as this honour had already been given to the currently under construction Arena Corinthians.