The Real Deal Miami

Stephen Ross revamps stadium proposal

Dolphins owner would fund renovations, turn property over to county
March 11, 2014 09:45AM

Stephen Ross and Sun Life Stadium

Stephen Ross and Sun Life Stadium

Miami Dolphins owner Stephen Ross has unveiled his revamped proposal for extensive renovations at Sun Life Stadium, with hopes of securing Super Bowl hosting honors the next time the big game is available.

This time, Ross would privately fund the $350 million project and turn the stadium land over to Miami-Dade County in exchange for being exempt from paying property taxes, the Miami Herald reported. The Related Cos. chairman met with county Mayor Carlos Gimenez about two weeks ago to discuss the proposal. The mayor reportedly said he does not want the county’s school board or City of Miami Gardens to have their budgets impacted by the stadium.

Both American Airlines Arena and Marlins Park are on county-owned properties. The Miami Heat and Miami Marlins franchises do not have to pay property taxes.

Ross “wants to be treated like all the other franchise owners from that standpoint,” Dolphins CEO Tom Garfinkel told the Herald.

The Dolphins made an unsuccessful push for publicly funded stadium renovations last year. [Miami Herald]Eric Kalis