The owners of the Miami Dolphins have figured out how they want to pay for their proposed $225 million renovation of their stadium (I honestly have no recollection what it’s called this week), and it’s a doozy: raise Miami-Dade County hotel taxes by 1%, plus get Broward County to chip in its own hotel tax money. That’d be the Broward County that the Dolphins’ stadium isn’t actually in, if you’re keeping geographical score at home; Dolphins execs insist that this would be a good idea because all the Super Bowls they’d get from a roofed stadium would lift the whole region’s economic boats.
Increasing the Miami-Dade hotel tax — which would require a change to state law — was, you’ll recall, wildly unpopular when the Dolphins first proposed it last winter, and this latest plan looks to be stirring up even more opponents, according to the Miami Herald:
Late Wednesday the parent company of the Florida Panthers, the hockey team that plays in an arena built with Broward hotel taxes, issued a statement Wednesday night saying it was “vehemently opposed” to the Dolphins plan. The Panthers said the Dolphins want to use Broward taxes to subsidize a private facility to compete with a “publicly owned facility in Broward County.”
From the looks of things, the Dolphins are gambling that by pooling all this money, they can promise a cut of the vig to help expand the Miami Beach Convention Center, which area hotel owners would like. It seems like an awfully complicated shell game, but stranger Rube Goldberg funding schemes have come to pass.