Flamengo Projects $500 Million Cost for New Stadium in Rio de Janeiro

Flamengo Football Club has revised the estimated cost of its new stadium project to R$3 billion ($500 million), up from an initial R$1.9 billion ($317 million). Detailed studies of the Gasômetro site in Rio de Janeiro led to the increase, confirming it as the stadium’s future location. Club president Luiz Eduardo Baptista (Bap) announced the […]