The Real Deal Miami

Stephen Ross renegotiates stadium plan with Miami-Dade

New plan calls for private dollars to renovate Sun Life Stadium

May 21, 2014 03:00PM

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Stephen Ross

The Miami Dolphins are ditching their push for stadium renovation tax relief and are now asking the city to pay for recruiting major events like the Super Bowl, county Mayor Carlos Gimenez said.

“It’s kind of similar to what we do when we try to bring companies” to Miami-Dade, Gimenez said. “You perform, you get something.”

Dolphins owner and real estate mogul Stephen Ross had been negotiating with Miami-Dade to take over ownership of the stadium, freeing the team of a nearly $4 million yearly property-tax bill, according to the Miami Herald.

The new plan broadly calls for Ross to use private dollars for a $350 million renovation of the stadium, and Miami-Dade would then pay the team for each major event the stadium hosts. [Miami Herald] Christopher Cameron

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