County lawmakers approve compromise deal over Miami Dolphins stadium

By Zachary Fagenson MIAMI (Reuters) – Miami-Dade County lawmakers agreed on Tuesday to commit tax revenues to the Miami Dolphins football team if it can attract big-ticket events like the NFL’s Super Bowl and World Cup soccer matches to its privately owned stadium. The compromise deal came after the Florida Legislature rejected a previous proposal to use public funds to finance the stadium upgrade. Local taxpayers soured on publicly financed stadium deals for privately owned sports teams after critics complained about the generous terms of a $500 million park for the Miami Marlins baseball team in 2008, funded largely by tax money. Local officials recently rebuffed efforts by retired soccer superstar David Beckham to secure publicly owned waterfront land for a 20,000-seat stadium, even though Beckham agreed to finance it privately.

June 18, 2014 2:11 am

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