The Caja Mágica tennis complex, which has hosted the Madrid Open since 2009, is set to undergo an expansion that will see its overall capacity increase to 26,000.
The expansion will see the construction of an 8,600-seat stadium in the aim of cementing the Madrid Open’s “status as a leading international tournament”.
It is set to cost €29m (£24.8m/$33.1m) and will be jointly financed by Madrid City Council and Madrid Trophy Promotion, as they have agreed to cover 50% of the costs each.
It will be the second largest stadium in Caja Mágica after the Manolo Santana which has 12,442 seats.
The project was designed by architect Dominique Perrault, who also created the original project, Berlin’s Velodrom and more.
The new stadium is expected to open in 2028.
“With this expansion, we will be on par with any other major sports venue in the tennis world and will be able to become the best tournament in this category,” said Mayor of Madrid, José Luis Martínez Almeida.
“We want to continue combining the best of our architecture with the best of sports practice; it’s what makes us recognisable.”
The project is part of an agreement signed in 2021 between Madrid City Council, the municipal company Madrid Destino, and Madrid Trophy Promotion.
The Caja Mágica opened in 2009 as part of Madrid’s bid for the 2020 Olympic Games. Since then it has hosted the ATP and WTA Masters 1000 tournament, the Madrid Open.