Miami Dolphins and County Agree To "Framework" On Sun Life Deal

Categories: Sports
Thumbnail image for BAlWXCICcAAgjZu-thumb-200x200.jpg

Miami voters are one step closer this morning to getting the chance to weigh in on whether their tax dollars should go toward another big-ticket stadium project. Miami-Dade Mayor Carlos Giminez announced that the city and the Miami Dolphins have agreed on a basic "framework" for a deal that would use county funds to help cover part of the cost of a Sun Life Stadium renovation.

"I think we have a framework for an agreement," Gimenez told the Miami Herald this morning. The County Commission could vote Wednesday on whether to give voters a chance to give the deal a thumbs-up or down.

Gimenez declined to talk about the specifics of the deal, so there's no news yet if whether the agreement would include an escape clause for Dade in the event the team is NOT awarded a Super Bowl by the NFL in May.

Miami and Santa Clara, California are the two finalist to score Super Bowl L, with the loser becoming a finalist for Super Bowl LI against Houston, Texas.

But the deal would likely revolve around a one-percent increase in hotel bed taxes, which the Florida legislature would have to OK.

"There's still one or two items to be resolved," Gimenez tells the Miami Herald.

The club and the city reportedly pulled an all-nighter Sunday working out the details, and are still sorting out pieces of the package as of this morning. Gimenez says he hopes to present a proposal to the County Commission by the end of the day.

Once the Commission reviews said presentation, they must OK holding a referendum on May 14th where Miami-Dade voters would get their say. This seems likely, since the commission already gave the idea of a renovation project a thumbs-up in January.

We'll update this post as more details become available.

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.

My Voice Nation Help
37 comments
frankd4
frankd4 topcommenter

if ALL these taxes paid for themselves in the local economy WHY do we ALWAYS need more ? why isn"t the AAA generating excess funds to maintain dolphin stadium ?  WHY isn't the MIAMI ARENA generating revenues to build the marlins ballpark ? WHY is MIAMI-DADE the largest YET poorest municipality in the nation ? what's the big deal about a superbowl when snowbirds and tourists are ALREADY coming down here then for the escape from northern winters ? PEOPLE are UNeducated to the extent they think this TAX is a FREE LUNCH and a win-win situation WHICH is what the DOLPHINs are counting on = dumb constituents

frankd4
frankd4 topcommenter

the boondoggle of the MARLINs stadium is VERY MUCH the same as the DOLPHINs proposal since public funds are going into the private hands which five or ten years from now could use such municipal DEBT as leverage to demand even MORE funding (see montreal expos)

such seemingly bottomless MONEY PITS are not endless = soon enough the TOURIST GOLDEN GOOSE will go elsewhere when these taxes get TOO HIGH so there are LIMITs = AND simulataneously the municipal DEBT will be costly very cost when interest rates eventually rise (and this DOLPHINs deal will eventually really cost $2,ooo,ooo,ooo as in BILLION ! once interest is included = the staduim may find itself UNDERwater as do many homwowners who OVER-borrowed)

i think this sets up a strategic default on these funds ten years from today so that the DOLPHINs can follow the MARLINs to orlando = and leave MIAMI with two great big expensive financial disasters (see detroit)

frankd4
frankd4 topcommenter

while TOURISTs pay the tax the funds raised COULD otherwise go to salaries for second grade teachers and ungrading public transportation and enhancing services to the poor and elderly JUST THE SAME as re-building a stadium (which are ALL things that DIRECLY benefit the LOCAL economy)

since the SUPERBOWL is played in Jan / Feb the HOTELs and RESTAURANTs and travel industry are ALREADY at or near capacity - so the economics of the game SUPPLANT and do NOT supplement - which means the canadiens and germans get priced OUT and go somewhere else !

the nice thing about MIAMI is that it is so close to the united states of america

Gaias Garden
Gaias Garden

Waist of money, the dolphins suck balls anyway. Don't tax anyone or do anything!

eddie305
eddie305

This is what i dont understand we have the tax dollars to give to help upgrade dolphins stadium but we dont have the money to put people at work... or fix our roads... what kind of B.S is this...Edward B.

miamitrev2
miamitrev2 topcommenter

“Just because somebody is wealthy enough doesn’t mean he should invest money in a way that is unwise,”

-Mike Dee  Miami Dolphins CEO


Matt Slawski
Matt Slawski

why? we already pay for their ten dollar beers and food, as well as parking.

Ronald Gaete
Ronald Gaete

Having bought their way into a league, lackadaisical owners can extort hundreds of millions of dollars from their hometowns (and charge exorbitant ticket prices) under threat of decamping for another city. They can allow wretched teams to languish year after year and pocket the league's revenue-sharing money rather than invest it in talent, knowing that when they're ready to sell, a scrum of millionaire suitors will materialize. That's because big league teams in the US—and the leagues themselves—are, in effect, monopolies. Major League Baseball even has an explicit antitrust exemption.

Ali Tariq
Ali Tariq

Arthur Blank in Atlanta did the same thing and a stadium is all but a done deal. Seemed like all the FB posters were against it. Even whispers of moving the team to LA. Get used to your new stadium. Maybe the Dolphins to LA rumors will soon start. Get ready for PSL's and all that fun stuff that comes with a new stadium

Derrick Cuba
Derrick Cuba

Besides, Stephen Ross is getting 7.5 million dollars a year from Sun Life Financial for the naming rights to the stadium. Since SLF is no longer doing business in the US, they're looking for a new taker. Are you telling me they can't use that money to pay for the new roof? At those rates they can pay for the roof in 16 years. But then, if your Stephen Ross, why use your own money when ignorant fools are willing to give you someone elses money to build it? I don't blame him at all. He's a business man. If I had the ability, I would try to do the same. I blame the fools that vote for this. Hey, while we're at it, my house needs a new roof too, can we get the tax payers to pay for that too? Don't worry, "it's not your money, it's the bed tax".

Derrick Cuba
Derrick Cuba

Don't be so short sighted. We may not be literally paying for it with a bed tax (though many of us still will! I live in Miami, but I still occasionally stay in a hotel in Miami for a wedding, or to stay on the beach, or for w/e!), but that will hurt tourism. Even if it's marginally, less people will travel down here if word gets out that our bed tax goes up every time a sports owner wants the tax payers to pay for stadium renovations. So in the end, yes! We are paying for it. One way or the other!!

richdick85
richdick85

The county should help pay for it. When a Super bowl comes to SoFL, who benefits the most? The local economy. Ross will make money to host a Super Bowl but no where near the amount of money that the City of Miami will see. If he pays for it himself he will be making more money for the city. And for everyone saying "we will get Super Bowls in Miami no matter what". Ok, The last Super Bowl played in Miami was Bears vs Colts 2007, it poured. That's all people remembered. 

Also you cant compare the horrible mistake of the Marlin Stadium to this one. The Marlin Stadium was built in a horrible location with no fan base. They should've moved the Marlins to Palm Beach where there is a significant larger baseball fan base. 

Let's not forget about the other events that will bring revenue to Miami: Orange Bowl, BCS National Championships, Concerts, etc. The city has so much more to gain from this than Ross. 

And its from Tourisms Taxes. Not local. 

Wes Shelton
Wes Shelton

The proposed structure makes sense for the County to contribute to this project. The tourists are paying for the bed tax. Super Bowls and events like this bring huge dollars to South Florida. The Dolphins wisely asked the county to pitch in b/c the team doesn't benefit from hosting Super Bowls.

Justin Devack
Justin Devack

Do you or the people understand that the voters won't be paying a thing? This is a tourist tax!!

Bryan Hart
Bryan Hart

Will they trade all their players to Toronto (Buffalo?) after getting their new stadium?

Firip Onitsuka
Firip Onitsuka

No conservative in his right mind would do this.

Barbara Rodriguez-g
Barbara Rodriguez-g

The voters wouldnt pay for it ITS A BED TAX does no one understand the difference>

Rainy Kinchen
Rainy Kinchen

The Super Bowls will continue to come here because of our weather. If he wants an upgrade to benefit his pocket, he can find the money. When I need an upgrade in my personal business I don't ask the government to give me other people's money to do it? Why do rich people need all of this "welfare"?

Alex Song
Alex Song

If it's such a no brainer why don't the pay for it themselves? If there's such a high return on investment why aren't there thousands of people giving them money? Why charge people who don't want to pay for it?

Andrew Lord
Andrew Lord

The revenue alone that one Super Bowl would be to South FLorida again pays for itself... Hotels, Restaurants, Airlines, Magazines, Nws Outlets, Radio, Entertainment Venues, the house around the stadium that charge $20+ for parking, etc etc etc etc everyone will make out from a 2016 or 2017 Superbowl plus it will look 100 times better year round....It's a no brainer

Jose Salazar
Jose Salazar

^^^^^^^^^N I NEED TO KNOW I NEED TO KNOW.. FUCKING TERRIBLE FOR A FOOTBALL GAME.. LOL!!

Derek Assali Sr
Derek Assali Sr

Not a penny, let the sorry owners of the dolphins PAY for it. They seem to care more for a renovated stadium than having a playoff contention team. Not fair to the tax payers at all.

Luis Benitez
Luis Benitez

No, Send the bill to Mark Anthony. I'm already tired of hearing "Baby I like it" whenever something happens in the stadium. About time he pays up for offending my ears on such a level.

frankd4
frankd4 topcommenter

basically restated is LET the suckers (tourists) PAY and LET the municipality (MIAMI-DADE) guarantee the debt = so upon default the municipality is liable and can file bankruptcy

eddie305
eddie305

@miamitrev2 well dont get involved with something that you dont want to invest your money in

frankd4
frankd4 topcommenter

........................and is why HOWARD COSELL wrote "i never played the game" exposing the greed in the NFL ownership

miamitrev2
miamitrev2 topcommenter

@Justin Devack  

Just like we  wouldnt be "paying a thing" for the Marlins Stadium right?

Are you a lying fvck, simply clueless, or both?

franknskank
franknskank

@Rainy Kinchen While I agree that the government should not foot the bill for a stadium renovation. I wouldn't be to confident about getting another Super Bowl in South Florida. Remember, their were a lot of Super Bowls in Miami in the 60's and early 70's. However, their were none in the late 70's or 80's until the team moved to JRS.

miamitrev2
miamitrev2 topcommenter

You missed the point.  If its unwise for the phins to pay for this by themselves it sure as shit doesnt make sense for us to  invest in something we will have 0 ownership stake in

Now Trending

Miami Concert Tickets

From the Vault

 

Loading...