February 04, 2005
Marlins, Miami re-agree on stadium
They're still short that $30 million in state funding, but the Florida Marlins did manage to strike a deal yesterday with Miami-Dade County on their $420 million stadium plan. (Yes, again.) The team and the county had already agreed on the split of funding - $192 million from the team, with the city and county kicking in $198 million plus free land - but county negotiators were holding out for a promise that the Marlins would cover all cost overruns. (The city and county will now get a lien on the franchise if it doesn't pay for any overruns.) The team still needs to get its plan approved by the city and county managers, and the city and county commissions, and of course get the state legislature to cover the $30 million funding gap. In other words, we're pretty much right where we were this time last year.
