The Real Deal Miami

Debt for Marlins project still cause for concern

February 11, 2009 05:08PM

With the $515 million Florida Marlins stadium coming up for a vote Friday, it is still unclear how much it will cost Miami-Dade County to pay back the construction debt. County Manager George Burgess said a repayment plan for the $347 million worth of bonds that would help pay for the project may not be released until Friday. Depending on how long it takes to pay back the bonds, the borrowing costs could be as low as $528 million or as high as $1.1 billion, the Miami Herald calculated. Miami Today gives a breakdown of the stadium financing proposals.