In a tuneup for next Thursday morning’s Florida Marlins stadium vote, the Miami city commission yesterday unanimously approved extending and expanding the Community Redevelopment Agency district that funnels property tax money to development projects in Overtown rather than having them go to the city’s general fund. That would meet the condition set down by commission swing vote Michelle Spence-Jones in return for her support of the stadium deal. Of course, the tanking economy means the CRA district isn’t expected to generate nearly as much money for Spence-Jones’ district as she’d hoped — between $106 million and $140 million, according to Miami CFO Larry Spring, instead of the $500 million that was originally expected — but Spence-Jones has already said she’ll take what she can get.
If all goes as expected, then, the city commission will approve the $600-million-plus stadium deal on Thursday, which will leave the plan in the hands of the county commission, which votes the following Monday. Some county commissioners have started expressing concerns about the looming shortfall in tax revenues that are supposed to pay for the stadium, but if anyone’s actually done a headcount of whether these are enough to potentially vote down the deal, I haven’t been able to find it.