Overview
- The City Council has set a public hearing for Tuesday, Nov. 10 at 10 a.m. in the Salão Nobre das Laranjeiras to discuss a draft law creating an Operação Urbana Consorciada (OUC) for the Manoel Schwartz site.
- The proposal would let Fluminense sell its transferable 'potencial construtivo' to developers, a mechanism that converts the right to build above local zoning limits into cash for the club.
- Fluminense says it expects to raise between R$200 million and R$300 million to finance the Complexo Laranjeiras, which includes restoring the stadium to roughly 6,300 seats and adding a covered 700‑seat sector.
- The draft law reportedly frees up about 103,000 square meters of transferable building potential and sets a 120‑month deadline for completing the works once the law is published.
- After the Nov. 10 hearing the bill will move to committee debate and potential votes, and residents’ associations, club members and urban planning committees are expected to shape any conditions attached to a future sale.