SBD/Closing Bell

Dolphins Pledge To Pay Back Much Of Funding For Stadium Upgrades

The Dolphins today "called an audible" in their efforts for taxpayer-supported stadium renovations, "announcing new concessions aimed at boosting support for the deal." The team said that it "would be willing to repay much of the taxpayer financing it is seeking after 30 years," including $47M in state tax rebates. This is the "latest of several concessions made by the Dolphins, who are seeking taxpayer help despite the political uproar over publicly-financed stadiums in South Florida" (MIAMIHERALD.com, 3/27).
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