Commission approves EUR 52 million State aid measure for the construction of a multifunctional arena in Würzburg (Germany)
The arena is designed to host sports events, concerts, and other cultural and social events, with a capacity of up to 7,000 visitors. The non-profit foundation Zukunftsstiftung Würzburg will develop the arena via a project company. After completion, it will lease the building to an operator, selected through an open, competitive, transparent and non-discriminatory procedure.
The Commission has assessed the measure under Article 107(3)(c) of the TFEU. It found the measure to be appropriate to achieve the objectives of strengthening sport and cultural economic activities contributing to the economic development of the area concerned and necessary given the absence of sufficient private financing. In addition, the Commission found the measure proportionate, as it is limited to what is required to achieve the project’s objectives, while its effects on competition and trade between Member States remain limited.
The non-confidential version of the decision will be made available under the case number SA.120605 in the State Aid Register on the Commission’s competition website once any confidentiality issues have been resolved.
For further information, see the Commission’s PR.