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Closing Bell

Dolphins' New Stadium Renovation Plan Does Not Involve Tax Relief

Miami-Dade County Mayor Carlos Gimenez today confirmed that the Dolphins "plan to abandon their push for tax relief" in favor of asking the county to pay the team for bringing Super Bowls and "other major events to a renovated Sun Life Stadium." Team Owner Stephen Ross "would use private dollars to renovate the stadium, and Miami-Dade would then pay the team an unknown amount of money for each major event the stadium brings." Gimenez said that the money "would come from county hotel taxes" (MIAMIHERALD.com, 5/20).

The Dolphins "want the 2019 Super Bowl and need to have their plans in place by this summer to be in the running." A source said that the team "could begin construction on stadium renovations this summer" (PALMBEACHPOST.com, 5/20).

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