The municipal authorities of Athens have approved the building permit, to continue work on a new 40,000-seat Panathinaikos club football stadium in Votanikos district, Athens, Greece.

The 40,000-seat stadium is part of a larger urban redevelopment project in the Votanikos district, which also includes a park, entertainment facilities, and shops. The construction of the new stadium also involves the demolition of Panathinaikos' historic headquarters on Alexandras Avenue in the city center, for which permission has also been granted. 

A total of EUR 115 million (US$ 127 million) in funding has been secured for the stadium's construction, with an additional EUR 6.8 million (US$ 7.5 million) also obtained. Land reclamation work is currently in progress at the site, with the first concrete for the stadium's foundations expected to be poured within a few weeks.