Looks Like the Marlins Have a Ballpark!

“We have a funding plan in place we think works — finally…” – George Burgess

What started off as a get together grew into a bigger meeting resulting in the unveiling of the plan for a new Marlins ballpark at the Orange Bowl site.

Miami-Dade County Manager George Burgess offered the Florida Marlins a revised plan for the Orange Bowl site Tuesday that shifts a large out-of-pocket cash burden to the ball club, yet costs the county more long term.

Burgess’s plan, detailed in a cramped third floor County Hall conference room with Major League Baseball in attendance, prompted team officials to break a year-long silence on publicly discussing stadium issues.

While the Marlins’ overall investment was reduced from the previously reported $207 million to $155 million, the Marlins will now have to come up with all that money up front.

As for the county:

the county will put up $199 million in mostly tourist tax dollars and chip in $50 million from a General Obligation Bond. While that $249 million total is less than the $307 million previously discussed, the county would not be getting additional payments back from the team.

Also:

The Marlins would be responsible for cost overruns, and the city of Miami would be on the hook for building a 6,000-car garage. The county would own the stadium.

As for next steps, the County Commission will meet next Tuesday to discuss the plan. The City of Miami, which is investing $121 million tourist tax dollars, also needs to sign off on the deal. Additionally, the team must sign a non-relocation agreement.

Posted 9 years ago
Marlins Park