Beckham identifies “potential investors” for Miami stadium, still needs actual investors

Hey, what the heck has been going on with David Beckham’s proposed Miami soccer stadium? At last report in June, he was reportedly shopping around for some private investor to actually pay to build the thing; now, it turns out, he’s, uh, still working on that:

David Beckham’s representatives Thursday moved to jump-start a stalled effort to build a Miami soccer stadium by bringing potential investors to a pitch by Miami-Dade Mayor Carlos Gimenez.

The investors weren’t identified, but the sales pitch apparently involves a new set of potential financiers in a project that has been courting deep pockets since the start…

Thursday’s meeting suggests Beckham’s team has found a new group of investors to court, but it’s not known how far along in the talks they are.

Despite having released poorly Photoshopped renderings of a stadium on a nine-acre site in Overtown last winter, Beckham still needs to acquire another three acres of county land, plus city rezoning approval and the closure of a city street. And, apparently, to find somebody who thinks all this would be a good investment of their private dollars. Making money building fancy new sports stadiums without gobs of public cash to boost your profits is hard.


4 comments on “Beckham identifies “potential investors” for Miami stadium, still needs actual investors

  1. They take tour of the area and turn him down. Smart investors never put Private dollars in ghettos. Here in Chicago the mayor just handed over 100 million to Wall Street to do what they want as long as its on the South side of Chicago.

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