The Real Deal Miami

Stadium price tag higher than expected

July 09, 2009 12:12PM

Bonds issued last week put a total price tag of up to $2.4 billion on the new stadium being built for the Florida Marlins baseball team, a project touted as a driver for revitalization of the Little Havana neighborhood. But bond underwriters showed that bond interest will boost the final tab on the project, thanks to higher rates and deferred payment plans.