The Miami Dolphins plan to abandon their push for tax relief in favor of asking Miami-Dade to pay the team for recruiting Super Bowl and other major events to a renovated Sun Life Stadium, according to three people close to the team’s plans.
Dolphins owner Stephen Ross had been negotiating with Miami-Dade, the school system and Miami Gardens to have the county take over ownership of the stadium, which would free the team of a yearly property-tax bill worth nearly $4 million. The Dolphins are Miami Gardens’ top taxpayer, and the team faced resistance from both the city’s mayor and the superintendent of the county school system, which receives about $1 million yearly in Sun Life taxes.
Details of the new plan weren’t available Tuesday morning. The broad outline of the plan is that Ross would use private dollars to renovate the stadium, and Miami-Dade would then pay the team an unknown amount of money for each major event the stadium brings. Those events would include Super Bowls, World Cup soccer, and national college championship and play-off games, according to people familiar with the talks between the Dolphins and Gimenez.
The change by Ross comes as David Beckham backed off his pursuit of PortMiami for a new soccer stadium in favor of a downtown site, and as the Miami Heat said it would take lower subsidies than the team first proposed in renegotiating its current operating agreement at the county-owned AmericanAirlines Arena.
Read more here: http://www.miamiherald.com/2014/05/20/4126102/dolphins-abandoning-tax-relief.html#storylink=cpy