Olympics rev up Milan's renewal but locals fear price to payMilan's new Santagiulia arena was built near a derelict area known for crack cocaine dealing. (Photo: AFP)MILAN - The Winter Olympics are expected to accelerate Milan's transformation into a vibrant international metropolis, but many residents fear the effect will see them priced out. Milan has also seen a huge influx of tourists and capital in recent years, boosted by the 2015 World Expo. At the same time, Milan has experienced a property development boom, accelerated by the Olympic Games. In the south of the city, the Olympic Village has been built on a disused rail yard opposite the Prada Foundation.

Source: Bangkok Post February 19, 2026 16:16 UTC