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

Beckham plans to build a $150M, 25,000-seat stadium in Overtown

TRD 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
Renderings of different versions of the project with Matt Rieger

HTG plans 1,000-unit affordable housing complex in Miami’s Overtown

HTG plans 1,000-unit affordable housing complex in Miami’s Overtown
From left: Don Peebles and Michael Swerdlow(Credit: Swerldow Group)

Overtown project in turmoil: Peebles sues for $175M, closing delayed, Terra quits

Overtown project in turmoil: Peebles sues for $175M, closing delayed, Terra quits
David Beckham and Victoria Beckham with One Thousand Museum (Credit: Anthony Harvey/Getty Images)

David and Victoria Beckham buy condo at One Thousand Museum

David and Victoria Beckham buy condo at One Thousand Museum
Michael Simkins and 226 Northwest 10th Street (Credit: Google Maps)

Simkins buys more land in Miami’s Overtown

Simkins buys more land in Miami’s Overtown
From top left, clockwise: Wynwood 28, the Allapattah apartment building, Miami Riverside Center, and the Target-anchored mixed-use project in Miami’s Overtown

Miami board approves 5 major mixed-use, multifamily projects

Miami board approves 5 major mixed-use, multifamily projects
From top left, clockwise: Wynwood 28, the Allapattah apartment building, Miami Riverside Center, and the Target-anchored mixed-use project in Miami’s Overtown

Mixed-use projects from Swerdlow, Kushner, TSG Group proposed in Miami

Mixed-use projects from Swerdlow, Kushner, TSG Group proposed in Miami
Brightline president Patrick Goddard and Park-Line Miami (Credit: iStock)

Brightline launches leasing of apartment towers at MiamiCentral

Brightline launches leasing of apartment towers at MiamiCentral
Sarkis Izmirlian and 295 Northwest 20 Street (Credit: Google Maps)

Billionaire hotelier buys Overtown store for $6M

Billionaire hotelier buys Overtown store for $6M
arrow_forward_ios

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

Loading...