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Key Committees Pass Marlins Ballpark Funding Measure PDF Print E-mail
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Written by The Staff   
Thursday, 15 March 2007 07:22

New Marlins BallparkPublic funding for a new $490 million Florida Marlins ballpark inched closer today as two key House and Senate panels passed legislation that would provide $60 million in sales tax rebate to help construct the facility. The bill passed unanimously in the Senate Finance and Tax Committee and the House Committee on Economic Development. As reported by the South Florida Sun-Sentinel :

Miami-Dade County and City of Miami officials, who have worked out a $490 million financing proposal with the team and Major League Baseball, estimate the new stadium could generate up to $9 million a year in new sales tax for the state. They are asking to keep the first $2 million raised each year over the next 30 years - for a total of $60 million.

"We've worked for a number of years to come up with a funding strategy that would retain the Marlins. We've never been closer," said Miami-Dade County Manager George Burgess, who testified before the Senate Finance and Tax Committee and the House Committee on Economic Development. "We see this project as important because it keeps a professional baseball team in our state and it is a catalyst for economic development in the area."

The passage in committee places a floor vote close at hand.

The Marlins hope to build a 37,000 seat facility. The site location has not yet been determined. Two options are at the Orange Bowl or a nine-acre site north of the county government center.

If funding were to pass, the Marlins would target 2011 as the opening date. 

To view renderings of the proposed Marlins facility, select this link

 
 
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