Beckham’s plan for Miami Soccer Stadium could be in jeopardy — again

Miami /
May.May 06, 2016 03:00 PM

So close and yet so far.

The development team led by soccer star David Beckham has reportedly hit a roadblock while negotiating a land deal with Miami-Dade County for the planned Miami Soccer Stadium in Overtown.

An email exchange between a county lawyer and a Beckham attorney show the soccer star’s team is having a hard time warming up to the proposed deal Miami-Dade has put on the table, according to a report in the Miami Herald.

The county would waive a competitive bid for the roughly three acres Beckham needs to build his stadium in exchange for Beckham paying market value — appraised at about $9 million — as well as meeting county-dictated hiring goals and a $1 million fine if plans fall through, the Herald reported.

While Beckham’s group has not said outright what the issue is, the Herald cited sources close to the negotiation as saying Beckham’s partners — including Sprint CEO Marcelo Claure and entertainment entrepreneur Simon Fuller — still need to sign off on the proposed contract.

Beckham has already closed on most of the Overtown land that he needs to build the stadium, with Miami-Dade’s three acres and city zoning approvals being the final holdouts.

Regardless of the impasse, the Herald reported, county officials are eager to move forward and Beckham’s representatives said the team hopes to resolve the issue soon.

This snag marks the latest problem for Beckham’s now two-year journey to build a Major League Soccer stadium in Miami. His original plans to develop one at PortMiami were shot down by county officials, and his most recent attempts to build on land next to Marlins Park fell apart in December. [Miami Herald]Sean Stewart-Muniz


Related Articles

arrow_forward_ios
Novak Djokovic with the unit (Eighty Seven Park unit photo via Lenny Kagan, Djokovic via Getty)
Novak Djokovic sells Miami Beach condo for modest profit
Novak Djokovic sells Miami Beach condo for modest profit
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Greg Norman and Tommy Hilfiger (Getty, iStock)
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Dwyane Wade and Gabrielle Union with 5980 North Bay Road. (Getty, Brett Harris Homes)
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Lynda Carter and the Four Seasons Residences at The Surf Club (Getty, Four Season)
“Wonder Woman” Lynda Carter drops $15M on Surf Club Four Seasons condo
“Wonder Woman” Lynda Carter drops $15M on Surf Club Four Seasons condo
249 Northwest 6th Street and Michael Swerdlow (Arquitectonica, Swerdlow Group)
Michael Swerdlow’s Block 55 in Overtown lands nearly $8M affordable housing grant
Michael Swerdlow’s Block 55 in Overtown lands nearly $8M affordable housing grant
Jennifer Lopez, Ben Affleck and their Miami Beach property. (Getty, Corcoran)
Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
arrow_forward_ios

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

Loading...