Ross to pay for renovations? | Page 3 | FinHeaven - Miami Dolphins Forums

Ross to pay for renovations?

Daytona Fin said:
Armando Salguero ‏@ArmandoSalguero 53s

Th Dolphins owner would even consider handing over the stadium to Miami-Dade County. County already owns AAA, Marlins Park.
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Now that would be a disaster. Miami's government rivals that of Haiti as far as corruption. They'll take money hand over fist and do nothing with the stadium. Look what happened to the Orange Bowl as they let it rot and never maintained it. I think this might end up being the quickest way for the Dolphins to move from Miami if they hand the stadium over to the city.
 
Does $400 million equate to the blueprints we saw last year or were they conditional on the state matching Ross's investment?

What can we expect for $400 million - i would hope a lot
 
uk_dolfan said:
Not that it impacts me but I was under the impression that the heat and marlins already avoid taxes why shouldnt the dolphins if they are going to pay it themselves?
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True, I don't blame Ross for that. I figured he'd be getting something in exchange though- good businessmen don't just give away their money.
 
DeathStar said:
Huh no it's not

Only us little people should pay prop taxes? **** that
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Sure it is. He is making an investment in a property that will easily bring the missing property tax money back to the community. Between the construction contracts, Super Bowls, college football bowls and the prospect of more people coming to games….this is a great deal for South Fla.
 
I'm sure that the announcement is just the lead-up to negotiations for some form of public financing. Unfortunately, Ross bungled this real badly the first time around...
 
Ross to pay $400m in stadium renovations himself

MIAMI -- One year after a failed attempt for public funding, Miami Dolphins owner Stephen Ross is expected to announce his plans to invest up to $400 million of his own money to renovate Sun Life Stadium, a league source confirmed to ESPN.com Monday.

The Associated Press first reported Ross' intentions.

Ross' goal is to make South Florida a destination again for major sporting events, including the Super Bowl. Ross was not happy last year when the Florida state government in Tallahassee prevented a public vote for outside funding. Therefore, Miami's owner took matters into his own hands.

Ross, who owns the stadium, has decided to pay for the project himself because applications for the 2018 Super Bowl are due in August and he wants to get the process started, the person said. Renovations will include a partial canopy to shade seats that are now exposed, installing new seats and moving others closer to the field, and improving club-level parking.

Until now, Ross was unwilling to foot the entire bill himself, although he said improvements to the 27-year-old multipurpose stadium were badly needed to bring the Super Bowl back to Miami.

The total cost is expected to be $350 million to $400 million, the person familiar with the situation said. Ross is talking with Miami-Dade County mayor Carlos Gimenez about the plan, the person said.

The NFL declined to comment, and Gimenez's office had no immediate comment.

Last year, the Dolphins said they were heavily in debt and one of the NFL's most-leveraged teams, making upgrades impossible without taxpayer help. Ross sought up to $379 million in county and state tax money for the project, but his proposal was rejected by the Legislature. That removed South Florida from contention for the 50th Super Bowl.

NFL commissioner Roger Goodell has said the upgrades would help keep South Florida competitive in Super Bowl bidding.

The region has hosted the game 10 times, most recently in 2010, and league owners love the destination. But the aging multipurpose stadium has made it difficult for South Florida to compete with more modern NFL stadiums.

Joe Robbie built the stadium with his own money for $115 million, and former owner Wayne Huizenga spent $250 million on renovations in 2007. Ross' proposal last year called for adding about 3,600 seats close to the field, along with a partial canopy roof to shield fans from sun and rain.
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http://espn.go.com/nfl/story/_/id/1...-dolphins-pay-400-million-stadium-renovations
 
the man steps up even though i'm sure the other owners are pressuring him not to. he is to be commended. welcome back multiple super bowls. miami-dade, broward, and palm beach counties should take him out to dinner.
 
give the man credit, he stepped up to the plate on this one, bringing the seats closer to the field is a great idea, lets put a winning team team back on the field, and watch Joe Robbie rock like the old days of the Orange Bowl.
 
I actually have to do something absolutely foreign to me...i have to praise the politicians in Florida. Freaky.

Well done Florida(again, utterly strange the type that). You represented your citizens well and didnt blink to Ross(and others) fear mongering. So much for Ross' insistence that he couldnt afford the upgrades :sidelol: Funny how quickly he found that money less than a year after claiming there was no way it could happen, that totally cant be explained.

Im not going to praise Ross one bit. Especially since he spent the last...what, 3 years trying to force this thing through? If im going to thank anyone, its going to be the advisor that finally convinced him that trying to usher in some new political era into the state because he was having a temper tantrum was a stupid ****ing idea.

Ross wants the host one of the biggest parties in the world. He now has to pay for it himself. What a novel concept. As far as "what about the other owners" notion goes, again, it wasnt from lack of trying. And hes still trying to get some benefits. Ross was more then willing to "do the wrong thing" when it suited him, he just failed at it. Ross wants something so now he has to pay for it. Thats not some statement towards Ross' moral fortitude, thats common sense.

I will miss the threads from the usual suspects insisting that "the team is no really 2 minutes away from moving im being super cereal". Those were always good for a hearty laugh. Guess they will just have to go back to insisting that our offensive line would start blocking properly if fans would just come to games :lol:
 
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Pfft. Kinda meaningless. That garbage stadium needs to be blown to bits and a new one rebuilt.
 
Awesome news! Our owner is stepping up to the plate! I think this guy is finally learning how to be a good owner! I just hope we can continue to get good news! I hope Hickey works out and we can get back to the classy organization we are used to seeing on . and off the field. Let the good times roll! Go fins!
 
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