Miami-Dade to contest $4.2M in Marlins Park costs

Team still adding to list of expenses from $640M project

TRD MIAMI /
Sep.September 26, 2013 04:00 PM

The Miami Marlins’ construction expenses are still piling up, while Miami-Dade County officials are contesting about $4.2 million of it to date.

Jose Galan, acting director of the real estate development division, said the disputed expenses will head to arbitration for a resolution regarding the $4.2 million, though a date has not yet been set. His division is tasked with determining if the expenses comply with the construction administration agreement that was made as part of $640 million development of Marlins Park at 501 Northwest 16th Avenue.

The sale of county and municipal bonds paid for most of the stadium project and its parking garages. The team agreed to take off $720,000 from its expense list. Arbitration will be skipped for those items.

The county owns the stadium and leases it to the Marlins. The total cost in tax revenue is said to exceed $2 billion. It will be paid off over the next 30 years. [Miami Today] Mark Maurer


Related Articles

arrow_forward_ios
Rate swap to cover Marlins Park debt approved

Rate swap to cover Marlins Park debt approved

MLS gives boot to Beckham’s Marlins Park stadium idea

MLS gives boot to Beckham’s Marlins Park stadium idea

Placeholder image

Winn-Dixie sells Miami shopping center for $12.4M

Tomás Regalado

SEC questions Regalado on Marlins park bonds

Placeholder image

Miami’s 1450 Brickell beats out Marlins Park, others for Urban Land Institute award

Marlins Park

New Marlins Park having little impact on local real estate market so far

Placeholder image

As Marlins Park prepares for action, garage retail remains silent

Despite local controversies, Marlins Park draws national praise

Despite local controversies, Marlins Park draws national praise

arrow_forward_ios
Loading...