Beckham’s Miami stadium is still in the works, MLS says

Miami /
Feb.February 02, 2017 05:20 PM

Despite multiple delays, the Major League Soccer organization is still counting Miami into its expansion plans.

MLS President and Deputy Commissioner Mark Abbott said at a conference on Wednesday that the league will add two teams this season in Atlanta and Minnesota, Los Angeles in 2018 and Miami possibly in 2019, joining as the 24th market, according to the Miami Herald.

Abbot said the league is focused on finalizing a stadium deal in Miami, and confirmed that Miami will be the 24th team.

His statements follow commissioner Don Garber’s in December who said that it was time to reach a conclusion with David Beckham and his partners, who are missing land and financing backing for the project. Garber said “I remain a big believer in the importance of Miami to extending MLS’s reach to south of the border and to connect with a very diverse and culturally important city in our country,” the Herald reported.

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 and is also reportedly looking for investors. Miami Beckham United paid $19 million earlier this year for 6 privately owned acres.

If they don’t finalize agreements, the Overtown site would mark the fourth time in roughly three years that Beckham’s group failed to make it work. [Miami Herald] – Katherine Kallergis


Related Articles

arrow_forward_ios
Sean “P. Diddy” Combs, DJ Khaled, Trippie Redd, Lil Wayne, Rick Ross and Kodak Black (Getty, iStock, Illustration by Shea Monahan for the Real Deal)
South Florida’s rapper resi market is super dope fire
South Florida’s rapper resi market is super dope fire
From left: Stephen Macricostas and Andre Branch in front of 4535 Nautilus Court (Getty Images, Redfin)
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
Trippie Redd with 5600 Southwest 136th Avenue (Getty, iStock, Richard Lopez of Lopez Productions, Illustration by Shea Monahan for the Real Deal)
Rapper Trippie Redd buys Southwest Ranches estate
Rapper Trippie Redd buys Southwest Ranches estate
Emilio and Gloria Estefan with 444 West Rivo Alto Drive (Getty, Redfin)
Gloria and Emilio Estefan sell waterfront Venetian Islands home
Gloria and Emilio Estefan sell waterfront Venetian Islands home
The property at 102 Jungle Road with Ivana Trump and Tomas Maier (Google Maps, Getty, Wikipedia)
Ivana Trump’s former Palm Beach mansion sells for $73M
Ivana Trump’s former Palm Beach mansion sells for $73M
Todd Michael Glaser and Tim Hardaway Jr. with 6015 North Bay Road (Getty, iStock, Illustration by Shea Monahan for the Real Deal)
Tim Hardaway Jr. buys non-waterfront spec home in Miami Beach
Tim Hardaway Jr. buys non-waterfront spec home in Miami Beach
From left: David Beckham, former professional footballer and current president and co-owner of Inter Miami CF; Francis Suarez, mayor of Miami; and Jorge Mas, chairman, MasTec, along with a rendering of Miami Freedom Park (Getty Images, City of Miami)
Miami approves major lease for Beckham soccer stadium mixed-use development
Miami approves major lease for Beckham soccer stadium mixed-use development
Jennifer Goldstein and Cristy Rice with 4835 Southwest 82nd Street (The Alexander Team, Getty, Google Maps)
Former Real Housewife Cristy Rice sells Miami home to Elliman agent
Former Real Housewife Cristy Rice sells Miami home to Elliman agent
arrow_forward_ios

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

Loading...