Marlins Take Step Closer To New Ballpark, But Work Remains
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Florida State House Approves Tax
Break To Help Build New Ballpark |
The Florida state House on Thursday “overwhelmingly endorsed a $60[M] tax break
to help build” a new Marlins ballpark in Miami by an 86-24 vote, according to
Linda Kleindienst of the South Florida SUN-SENTINEL. The money would come from
sales tax revenues “generated by the team inside the venue that would be kept
to help pay for the ballpark instead of going to the state.” Miami-Dade County
and Miami officials, who have worked out a $490M financing plan with the team
and MLB, “estimate the new stadium could generate up to $9[M] a year in sales
tax revenues.” Kleindienst notes the plan would allow $2M “to remain in Miami
each year for the next 30 years to help finance stadium construction and maintenance.”
The measure now goes to the state Senate, “where it is expected to be a tougher
sell.” State Senate Majority Leader Dan Webster said, “There still is about half
the chamber against this issue. It’s an uphill battle” (SUN-SENTINEL, 4/27).
Webster controls whether the bill comes up for a vote, and he said, “It won’t
be heard.” In Miami, Yudy Pineiro notes the Senate is considering a separate bill
that would give the Marlins, Magic and Lightning a one-time payment of $32.6M
each, but that bill “appears dead” (MIAMI HERALD, 4/27).
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