MADRID -- Real Madrid will be adding a retractable roof to the Santiago Bernabeu after finally reaching an agreement with the city to remodel the stadium.Madrid president Florentino Perez said Tuesday the project will cost 400 million euros ($447 million) and construction is expected to start next year.The revamped venue, which will also carry a new facade, is expected to be fully completed by 2020.We will see a dramatic transformation of the Santiago Bernabeu, Perez said. This stadium is one of the emblematic icons of our city and we want to make it one of the best stadiums in the world and the undisputed symbol of the strength of our capital.Madrid had tried to remodel its famed venue for several times but earlier projects were turned down by the city and court decisions.The new deal was announced at an event with Madrid Mayor Manuela Carmena.With this agreement we will start a process of modernization and transformation that will convert the stadium into an avant-garde architectural icon, Perez said. This stadium will act as an economic and touristic invigorator and will contribute to strengthening the image of our city.The venue originally inaugurated in 1947 will maintain its capacity of more than 80,000, although the seating sections may be redesigned. One of the stadiums most notable features, the four corner access towers, will be covered by the new facade.Perez said the Santiago Bernabeu will maintain its name, but it may gain a surname from a sponsor like at stadiums everywhere in the world.Abu Dhabi investment fund International Petroleum Investment Company is helping finance the renovation.Because of the agreement with the city, Madrid wont be allowed to increase the total size of the structures already in place, so it will have to rearrange the current constructions to be able to remodel the venue. Some office spaces will be transferred to the teams base in Ciudad Real Madrid, in the citys outskirts.The clubs initial plan was to build a hotel and a shopping center along with the remodeled stadium, something that had prompted fierce opposition across the city. The club will still be able to use the new space commercially, but not how it originally planned.Officials praised the fact that one of the stadiums parking lots will be transformed into a large public area, and that the new roof will help reduce noise in the neighborhood.This deal happened to promote the modernization project of the stadium and to improve and urban environment around our beloved Bernabeu, Carmena said.The Bernabeu stands in the middle of the high-end neighborhood of Chamartin.In March, rival Barcelona announced its own remodeling project for the Camp Nou, increasing capacity from 99,354 to 105,000 after construction is fully finished in about five years. The stadium will also have a new roof covering all seating sections.---Tales Azzoni on Twitter: http://twitter.com/tazzoni. His work can be found at http://bigstory.ap.org/content/tales-azzoni R.A. Dickey Jersey . 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At a news conference Tuesday where it was thought that the fiery Schallibaum may be shown the door after a dismal finish to the Major League Soccer season, team president Joey Saputo said no decision has been made on whether the Swiss Volcano will be back in 2014. Sean Newcomb Jersey .ca looks back at the stories and moments that made the year memorable. A week after claiming it as only a 50-50 chance, AFL CEO Gillon McLachlan has hinted at Good Friday featuring in the 2017 draw.McLachlan said there was momentum for the match after emerging from an AFL Commission meeting on Friday in Brisbane.But the AFL boss said everyone would need to wait until the 2017 draw was unveiled for confirmation.Theres no impediment at commission level and (there is) a level of enthusiasm to do it, he said.The commission has given us the ability to schedule on Good Friday. Theres momentum.A final decision will be made through the fixture process.ddddddddddddMcLachlan said a number of clubs had expressed interest in playing the game.North Melbourne, Carlton, the Western Bulldogs and Adelaide are believed to be among those clubs.Good Friday is set to fall on April 14 next year, which is likely to be in round four.Late last week, McLachlan said he was a bit divided on the concept.Its 50-50, he told Melbourne radio 3AW. ' ' '