Deadline looms on David Beckham’s stadium deal

Miami would be the 24th franchise in the 20-team league

Dec.December 12, 2016 03:00 PM
Commissioner Don Garber and David Beckham at a Miami press conference in 2014 (Credit: Getty Images)

Commissioner Don Garber and David Beckham at a Miami press conference in 2014 (Credit: Getty Images)

The clock is ticking for Miami Beckham United’s plans for a Major League Soccer stadium in Overtown.

“There is a deadline on the Miami deal,” MLS Commissioner Don Garber told reporters on Friday, declining to provide a date.

David Beckham plans to build a $150 million, 25,000-seat stadium in Miami’s Overtown neighborhood, a project that has already spurred new real estate deals and developments. But to move forward, Beckham’s group needs to close on an additional 3 acres owned by Miami-Dade County. Miami Beckham United paid $19 million earlier this year for 6 privately owned acres.

Garber didn’t mention Miami at the league’s annual conference in Toronto last week, instead responding to a reporter that, “We continue to work with the ownership group because we want a team in Miami,” according to the Miami Herald.

Beckham’s group has been looking for private investors to fund the cost of developing the stadium, including failed talks with a Qatari investor, and earlier this year conversations with Wesley Edens, co-chairman of the Fortress Investment Group. Last month, Beckham’s Miami lobbyists arranged a meeting with Miami-Dade Mayor Carlos Gimenez, who has said the county is ready to sell its land, and unnamed investors.

Miami would be the 24th franchise in the 20-team league. Atlanta, Minnesota and California are building the others. Garber said MLS owners will announce new expansion plans next week, but it’s unclear if that includes Miami. “We need to resolve the Miami situation so we can move forward,” the commissioner said. [Miami Herald] – Katherine Kallergis

Related Articles

Marcus Samuelsson and exterior shot of Red Rooster construction (Credit: Getty Images)

Marcus Samuelsson’s Red Rooster Overtown restaurant is almost ready

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

Michael Tillman and Soleste Grand Central

Overtown Opportunity Zone project snags $55M loan

Daily Digest Miami

Tom Barrack’s Middle Eastern connections run deep, luxury car dealer Prestige Imports plans an auto spa: Daily digest

Alfonso Jaramillo, Arthur Porosoff, and an aerial view of the property (Credit: Google Maps)

Developer closes on land assemblage for big resi complex near Miami’s Overtown