The Florida Department of Economic Opportunity announced Friday that lawmakers could possibly approve four professional sports facilities that are seeking state tax dollars to help pay for construction projects.
Seven million dollars has been set aside this year for stadium projects, but that isn’t enough to meet the requests of the four stadium projects, which collectively are requesting $9 million a year for 30 years, according to a published report.
Daytona International Speedway and South Florida Stadium (applying for the Miami Dolphins’ Sun Life Stadium in Miami Gardens) are each seeking $3 million a year for ongoing improvements to those facilities, the Daily Business Review reported. Orlando has asked for $2 million a year to help pay for a new $110 million soccer stadium; and Jacksonville has requested $1 million a year.
The Department of Economic Opportunity has until Feb. 1 to determine whether each application is economically viable, the newspaper reported. [Daily Business Review] — Kristina Puga