Allianz Parque, located in São Paulo, Brazil, will be the home football stadium of Sociedade Esportiva Palmeiras. It was also known as Parque Antárctica after Companhia Antarctica de Bebidas, a beverages company from which Palmeiras acquired the property in 1920. The Arena is due to open in October 2014, being constructed where the old Estádio Palestra Itália was located, Palmeiras's former stadium from 1914 to 2010.
It will seat 45,000 people for football matches and up to 60,000 people for other events. It will also fully satisfy FIFA contract provisions - specifically insofar as parking (1,500 covered spaces inside the arena), public transport (two metro stations -- Barra Funda and Sumaré, in addition to commuter trains, and a broad network of buses), safety, accessibility, and full media support..
The facility will boast nearly 200 skyboxes, two restaurants (including one offering a panoramic view of the field), snack bars, and all the other facilities expected to accompany a complex of this caliber. The arena will be built with cutting-edge technology and will incorporate sustainability projects - mainly concerning the use and reuse of water, electricity, etc. The approximate investment is 330 million reais (R) over a 30-year partnership. The project will be complete in 2013; that is to say, one year before the centennial of Sociedade Esportiva Palmeiras. 100% of the investment in the arena comes from the private sector, displaying the capacity for partnership between the club and an innovative company.
The new project includes cafeterias, better restrooms, including access for the handicapped, a press area, a convention center, and a trophy room. Part of the project which will remain untainted are the arches of Palestra Italia stadium, which, in addition to keeping the past alive, are also to support the new design. The access paths and ticket booths will also be adjusted, providing users with more comfort. The Convention Center building will be located on top of the parking building.
Naming rights for the stadium were sold to Allianz in April 2013, and the final name will be selected by online popular voting, between three options: Allianz 360°, Allianz Parque (not to be confused with the Allianz Park) and Allianz Center.