Zurich makes progress on football stadium project

Zurich makes progress on football stadium project

Published Jan. 19, 2012 10:36 a.m. ET

Zurich has moved closer to getting the new football stadium that was originally promised for the 2008 European Championship.

The canton (state) of Zurich says it will invest 8 million Swiss francs ($8.5 million) in a 19,000-capacity venue to be shared by city rivals FC Zurich and Grasshoppers.

The 150 million Swiss francs ($160 million) project on the site of Grasshoppers' former Hardturm home could open in 2017.

Hardturm should have been developed as a Euro 2008 venue but was stalled by legal disputes and neighbors' objections.

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Instead, the Letzigrund stadium traditionally used by FC Zurich - though better known for athletics - was redeveloped for the tournament. It currently hosts both clubs.

Zurich residents will vote on the project next year.

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