The Netanya municipality has signed an agreement with the sports facilities fund for the construction of a new football stadium for the city, at an estimated cost of ï¿½21m. Netanya Development Company, which was handling the planning for the stadium over the past three years, will also manage its construction. The completed stadium will be transferred to the municipality. The sports facilities fund will provide NIS ï¿½35m in financing for the stadium. The Netanya municipality will finance the rest by ï¿½6.2m, and approximately ï¿½11m from the sale of the city's old stadium. The new stadium will be built on a 40.75-acre lot, including commercial space. 12,000 seats will be built in the first stage, and 20,000 in the second stage, for a total of 32,000 seats. The stadium will be built according to European standards, and will able to host international games. It will also have special access for the disabled. Three training grounds will be built to the north of stadium, surrounded by a ring road, and a 1,000-space parking lot.
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