The Real Deal Miami

Marlins on hook for overruns

October 02, 2008 12:50PM

Miami-Dade County will hold the Florida Marlins baseball team accountable for all cost overruns it may cause in building a $515 million ballpark, though not all provisions of the franchise’s contract have been established. The Marlins are to pay $120 million in the deal, plus $2.3 million per year in rent.  The agreement contains a contractual obligation that says the team will be responsible for any of the stadium developer’s overruns. Commissioner Sally Heyman says that the county’s large projects are prone to overruns, judging by its experience with the seaport, the airport and the recently constructed performing arts center.