clock menu more-arrow no yes mobile

Filed under:

Stadium News - Sort of

The county is looking at alternative methods of financing a stadium.

For the first time, some Miami-Dade commissioners are looking at the use of Building Better Communities General Obligation Bond funding as a source of money for a new Florida Marlins' stadium -- up to $50 million to be exact. José "Pepe" Diaz, chair of the Airport and Tourism Committee, recently suggested to Chairman Bruno Barreiro that the bond funding be used for the stadium, an idea Carlos Gimenez also has signed off on. Convention Development Tax and the Professional Sports Tax also are being eyed as revenue sources.

At this point, I have no idea what this means.  It could mean that the county is looking for ways to close the stadium funding gap.  I would like that.  However, it could also mean they are looking for ways to meet their pledge obligations.

This will take some studying on my part but there is one good thing about it: they are still talking about ways to help fund a stadium.