Home Ballpark Facility News Miami-Dade Co. Unveils Marlins Ballpark Financing Plan

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Miami-Dade Co. Unveils Marlins Ballpark Financing Plan PDF Print E-mail
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Written by The Staff   
Tuesday, 27 February 2007 08:19

Proposed Marlins facility Miami-Dade County has made the plans for a new Marlins ballpark in downtown Miami public Tuesday. The $490 million facility adjacent to and on the north side of Government Center would be funded through the combination of Miami-Dade Co., the Florida Marlins, and the state of Florida. As reported by the Miami Herald:

The Marlins' out-of-pocket contribution comes to $45 million. The team would also repay the county $162 million in bonds issued by the county, through rent; the county would pay another $145 million from a combination of tourist taxes; Miami's input would be $108 million from tourist taxes and revenues that used to go to Miami Arena.

The still missing link: $30 million from the state Legislature, which has teased the team with bills for the past few years, some of which have died on the floor as the legislative session ended.

The $30 million gap still has many hurdles, but word is that there is backing to breach the gap through legislative channels. As noted within the article, "At least so far, and with the session beginning Monday, it has the backing of several legislators and Gov. Charlie Crist."

Select the image above to see a high-res version of it. For more images of the proposed Marlins facility, select this link  

 
 
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