Miami is hosting the Super Bowl in February, and the Miami Herald has a rundown of how much local governments are paying for the privilege:
- $4 million from Miami-Dade County to the Dolphins for hosting the game, as required by team owner Stephen Ross’s weird lease provision.
- $3.8 million from the city of Miami for “police, firefighters, code inspectors, public works and solid waste workers to work Super Bowl-related events.”
- $300,000 from the city’s Downtown Development Authority for “permanent LED lighting on the Baywalk.”
- $1.2 million in fee kickbacks and $400,000 in cash from the city of Miami Beach for, you know, stuff.
That amounts to $9.7 million, but the Herald says the total public cost will be “nearly $20 million over time,” so clearly there are some costs the paper didn’t itemize. (Either that or the Herald cut its calculator budget.) Given that previous estimates of how much new tax revenue cities get from hosting the Super Bowl have ranged from zero to $5 million, this would appear to be a bad investment for Miami’s local governments, but don’t worry, they have ideas for how to earn it back:
“It also helps us attract other events,” [Greater Miami Convention and Visitors Bureau COO Rolando Aedo] said. “We’re going to be vying for the World Cup.”
Alrighty then. At least Miami’s expense has provided us with some truly awesome renderings, including a “fireworks extravaganza in the sky,” because don’t you just hate those boring old fireworks that sit on the ground?