Beckham’s stadium clashes with PortMiami plan

Proposed seaport site part of larger development strategy

Feb.February 17, 2014 10:00 AM

Since the possibility of David Beckham bringing a Major League Soccer franchise to Miami emerged, PortMiami has been offered up as the likeliest setting for a stadium.

But Beckham’s stadium might not be the elixir for the financially-challenged seaport, which has debt escalating toward $1 billion. The potential 9-acre stadium site at the southwest corner of PortMiami is part of a larger plan for a trade and tourism center that could bring up to 7 million square feet in commercial space to the seaport, the Miami Herald reported. The proposal has faced significant opposition from Miami’s commercial real estate sector.

Moody’s downgraded PortMiami’s credit rating last fall. The seaport would hand over about 25 percent of the potential commercial development site if Miami-Dade County officials finalize a stadium deal with Beckham’s investment group there.

“The conversation about soccer has never been just about soccer,” Miami-Dade Mayor Carlos Gimenez told the Herald. “If a stadium can be a catalyst to development, we’re interested.” [Miami Herald]Eric Kalis

Related Articles

Jorge Mas, David Beckham and a Miami Freedom Park rendering

Miami again delays vote on David Beckham’s soccer stadium deal

Daily Digest Miami

Miami-Dade judge strikes down Miami Beach short-term rental ban, Brookfield picks up more industrial properties, Daily digest

Daily Digest Miami

Landmark bank in downtown Hollywood could be torn down for rentals, Miami-Dade approves $300M cruise terminal: Daily digest

A rendering of the project

MSC Cruises gets green light for $300M terminal project at PortMiami

From left: Francis Suarez, Jorge Mas, and David Beckham, with a rendering of the Miami soccer stadium

Miami commission wants contract for Beckham stadium deal by October

Daily Digest Miami

Stephen Ross steps down from NFL committee post-fundraiser backlash, drama at Regalia: Daily digest


Here’s how toxic findings at Melreese could affect Beckham’s stadium project’s rent

David Beckham and Miami Freedom Park (Credit: Getty Images)

Beckham’s soccer site has high levels of arsenic, contaminated soil: report