It has been agreed with a Florida Senate committee that taxpayers will fund half of the Dolphin's $400-million upgrade to Sun Life Stadium.
Mike Dee, Stadium CEO, announced that he believes the renovation to the 25-year-old stadium would help South Florida attract “four or five Super Bowls and four or five college [football] championship games” over the next quarter of a century.
Miami is expected to hear whether it has been chosen to host the 2016 Super Bowl, which it is bidding against the San Francisco 49ers' new Silicon Valley Stadium for, on May 222nd, putting pressure on the Dolphins to get the stadium bill approved. The bill must clear other committees and the Florida House, where it's expected to meet opposition.
Team officials say the renovation, which is planned to include a canopy to shield fans from the elements, new scoreboards and better seating, could be finished in time for the 2015 season.
Taxpayer-funded stadium projects are always sensitive, but state Senator Gwen Margolis believes it is a good deal if approval is given.
“You know that they're going to employ more people,” Margolis said. “You know that it's going to bring in more money.”
The Dolphins want the mainland hotel tax to rise from six percent to seven percent, and up to $90 million in new sales tax rebates paid out over 30 years, adding funding to the already $2 million annual tax break Sun Life receives.
Posted on 07/02/2013