The Real Deal Miami

Marlins make concessions before stadium vote

January 28, 2009 11:39AM

Miami-Dade County and the city of Miami have negotiated extra rent,
more free tickets for community groups and other guarantees from the
Florida Marlins baseball team, which plans to open a $515 million new
stadium in 2012. The agreement holds the team responsible for cost
overruns on the ballpark and on the public cost of adjacent road work.
The agreement also requires 2 percent annual increases to the team’s $2.3 million
rent. If the team is sold within seven years, the county and city will
benefit, receiving 18 percent of the profit in the first year, up from
10 percent in an earlier agreement.