Euro 2012 training ground could be privately financed

A draft project for utilizing Skra property and an offer for subsidizing the stadium will be presented to the city by the end of January," said Katarzyna Gerl, president of Global Partners. The developer, which owns a 12 ha plot around Skra, can finance up to 80% of costs of constructing a stadium for 26,000 spectators. "Subsidy may amount to €30 million or even €50 million. Value of subsidies depends on investment opportunity on our part of the property," said Gerl. For the time being, spatial plans for the area envisage the construction of hotels, so if the plans are not changed the investor will not lose money. "Than we shall construct one or two hotels, but we shall not be able to get subsidies for the construction of the stadium," said Gerl. The Irish developer saved Skra from a receiver and paid off zł.20 million of its debts and the management of the sport club is pleased with the cooperation.