ERR: Estonian company to replace Skonto stadium with new urban quarter

Invego has agreed to acquire Skonto Stadium at the end of last month and plans to redevelop the site as an urban district connecting historic Riga with the developing Skanste district, north of the city centre.

The company said it plans to invest around €100 million to transform the area into a residential district over 12 years, connecting the Old Town, the city centre, and new developments.

"Our vision is to bring the urban environment of the future here. While 15 years a...