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UPDATE-Miami-Dade Commission Approves Sun Life Stadium Renovation Plan

UPDATE-Miami-Dade Commission Approves Sun Life Stadium Renovation Plan

UPDATE 6/17 1:25PM

Miami Dade commissioners approve a deal would give tourist tax money to the Dolphins for bringing major events to Sun Life Stadium.

In return, the team would spend 350 million for stadium upgrades and continue to pay 4 million a year in property taxes.

The team would be paid  $5-million for top events like the Super Bowl and a World Cup final. 

Second tier payments for events like college football playoff games would be capped at $1.5 million per year.

No payments would be made until 2025, but the county could be on the hook for no more than $30 million at that time using Convention Development Tax Funds.

 

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A Super Bowl could be in South Florida's future after all.

The Miami-Dade County Commission is set to consider a new proposal Tuesday that would have the county paying the Miami Dolphins millions of dollars in incentives for hosting major sporting events, with a cap of $5 million per year.

The trade-off -- Dolphins owner Stephen Ross will renovate Sun Life Stadium to the tune of $350 million dollars.

South Florida Super Bowl Committee Chairman Rodney Barreto says he thinks this is a proposal commissioners will look upon favorably, since Miami-Dade would only pay for secured events and hotel taxes would be used to pay the Dolphins.

Further, no public money will be used for stadium renovations.

Barreto says he's excited and the committee will immediately begin pursuing the 2019 Super Bowl if the commission approves the deal.

 

 

 

 

 

(Photo: Miami Dolphins)

 

 

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