To get stadium funding, Related’s Ross must land a Super Bowl: Miami mayor

Miami /
Feb.February 11, 2013 02:00 PM

The controversy surrounding Stephen Ross’ $400 million plan to renovate Sun Life Stadium is only continuing to grow, with Miami-Dade Mayor Carlos Gimenez arguing that public funding should be contingent on the stadium’s ability to land the 50th Super Bowl, the South Florida Business Journal reported.

The Related chairman and Miami Dolphins owner is asking the public to cover half the cost — $200 million — of the renovation, taking the position that the overhaul will increase Miami’s chances to attract the Super Bowl, and a 1 percent mail and hotel tax increase has been proposed to generate the revenue. Last month, a majority of Miami-Dade commissioners voted in support of Ross’ plan.

Opponents of the plan argue that publicly funding the renovation of a privately owned stadium equates to little more than welfare for Ross. [SFBJ] —Christopher Cameron

 

Related Articles

arrow_forward_ios
Related's Stephen Ross and a rendering of One Flagler (Getty, Related Southeast)
Stephen Ross’ One Flagler office tower in West Palm preserves 100-year-old church, scores tenants, including Estiatorio Milos
Stephen Ross’ One Flagler office tower in West Palm preserves 100-year-old church, scores tenants, including Estiatorio Milos
Stephen Ross and Esperanté Corporate Center
Stephen Ross becomes king of West Palm offices
Stephen Ross becomes king of West Palm offices
Formula 1 hasn't raced in Florida since 1959. (Getty, Related)
Real estate industry to kick it into high gear, as Miami joins F1’s circuit
Real estate industry to kick it into high gear, as Miami joins F1’s circuit
Miami-Dade Mayor Carlos Gimenez (Getty)
Pre-pandemic evictions resume in Miami-Dade
Pre-pandemic evictions resume in Miami-Dade
A rendering of the monorail
Miami-Dade approves interim contract for monorail to Miami Beach
Miami-Dade approves interim contract for monorail to Miami Beach
Miami-Dade County Mayor Carlos A. Gimenez (Credit: Jason Koerner/Getty Images)
Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order
Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order
Miami-Dade County Mayor Carlos A. Gimenez (Credit: Jason Koerner/Getty Images)
Miami-Dade begins phase 2 reopening: movie theaters, bowling alleys and more
Miami-Dade begins phase 2 reopening: movie theaters, bowling alleys and more
Miami-Dade Mayor Carlos Gimenez (Credit: Jason Koerner/Getty Images)
Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine
Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...