The city of Lviv may be getting a new soccer stadium according to official reports from the city’s high ranking 
officials, and the investment of 85 million Euros may just be coming from billionaire Serhiy Taruta, the man who co-owns Industrial Union of Donbass, Ukraine’s largest, leading steel group. Many of the other cities in Ukraine have started construction or reconstruction on their existing stadiums to prepare for the Union of European Football Associations championship games to be held in 2012. Lviv is one of the cities that is expected to host a game.
So far all of the work that is being performed on the soccer stadiums is being funded by Ukrainian billionaires. So far Donetsk, Kharkiv, and Dnipropetrovsk have had the construction of new stadiums started while the main city stadium in Kyiv has begun reconstruction. Lviv, for some off reason, has been having difficulty getting financial backing for a new stadium. Originally Alpine Bau, an Austrian construction group, was going to foot the bill for the Lviv stadium by they backed out, leaving the opening for Taruta to step in. Codest out of Italy and Horwath Art Consulting out of Spain have also agreed to help develop the new stadium and have it ready for the 2012 games.
You can read more about what is happening in Ukraine at the8thcircle.com
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