Miami to declare Marlins’ stadium “blighted” so it can spend tax money on Beckham MLS stadium next door

The public subsidy details are starting to emerge for David Beckham’s proposed MLS stadium next to the Miami Marlins‘ baseball stadium: On top of about $35 million in property tax breaks, it now looks like Miami-Dade County would be buying the land for Beckham, and doing so by creating a redevelopment agency to use city and county tax dollars to pay for the stadium land and a possible light rail station:

The agency’s boundaries are suggested to be Flagler Street to the South, Northwest 22nd Avenue to the west, and the Miami River to the north and east, though the resolution says the study being sought could expand that area if needed.

Community redevelopment agencies by statute create trust funds that retain 95% of the increase in tax revenues from their area above the taxes that were collected before the agency was born. The agency uses that money to finance or refinance any redevelopment it undertakes. In this case, it would include stadium land and Metromover construction, though it could include more.

This would be tax-increment financing, in other words, with all the attendant problems thereof. And because redevelopment agencies can only be used for areas in need of redevelopment, this would require the area to be declared “slum and blighted” — including the Marlins’ stadium that opened next door just three years ago in the last attempt at revitalization. This is not going to help get people to Marlins’ games.


4 comments on “Miami to declare Marlins’ stadium “blighted” so it can spend tax money on Beckham MLS stadium next door

  1. HAHAHAHAHHAHAHAHA! That’s rich.

    looking for an appropriate retort.

    * “Anyone who looked at the architect’s drawings could have told you that.”
    * “Anyone who looked at the Marlin’s ownership could have told you that.”
    * “Anyone who looked at the Marlin’s roster could have told you that.”

    etc.

  2. But, but, but….. ‘Dave’ said he wasn’t going to be asking for any taxpayer funding for his MLS team….

  3. Back before the Marlins got their 2billion , the city offered MLS 50 million to put a stadium & team at that location. Originally there was enough room to for both stadiums. The metrover has been on table long before Beckham decided to surrender to the city’s preferred location. The acquisition of additional land is for the metrover and bad original planning on the city’s part. The stadium is still being built privately.