May 31st, 2003
KARAISKAKI STADIUM is now part of history. At 7 PM yesterday the last standing piece of the old stadium's stands was demolished after an emotional ceremony attended by over 4,000 Olympiakos fans. It was the part containing the entrance of Gate 7, the site of the worst tragedy in the history of Greek football (twenty-one people were killed in a freak accident on the 8th of February 1981).
The demolition of Gate 7 ends the first phase for the construction of the new stadium that started 40 days ago. It was the 21st of April when the General Secretariat of Sports signed the deal that gave Olympiakos CFP exclusive use of their historic home for the next 49 years. This was on the premise that the club would be responsible for the construction of a new stadium to be used in the 2004 Olympic Games. The new football-only ground (no athletics track) will have to be ready by July 2004, since it will host several matches of the Olympic football tournament, including the finals. The construction of the 34,000-seater stadium will cost approximately € 50 million. Olympiakos will also have to cover its operating costs for the next 49 years (around € 50 million on top of the construction costs).
How the new stadium will look:
3 teams are workimg 8 hours each 7 days a week (24/7) on each these news stadia's to have them done in record time. Finally 2 giants of Greek soccer will get the modern homes they deserve.
http://www.stadia.gr/news-31-5-2003.html