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Stadium News - Sort of

The City of Miami is voting today on the stadium agreement,s the meeting was suppose to start at 9:00 a.m. but is running a little late.

To try and help the deal win the approval of the commissioners, the Marlins have sweeten the pot.

A month after the Miami City Commission deadlocked on the Marlins ballpark deal, the scene outside Miami City Hall is much livelier. Supporters and opponents are surrounding the parking lot holding up opposing signs and trying to drown each other out.

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Inside, people crammed into the small commission chambers. The Marlins have been making adjustments to their deal for a $515 million ballpark and $94 million in parking lots to sweeten it for passage. Among the changes the team has agreed to is increasing the percentage of profit the city and county would receive if the team is sold within 10 years. Instead of 18 percent in the first year, the team would provide 70 percent; followed by 60 percent in the second year; 50 percent in the third year and successively less down to 5 percent.

Marlins owner Jeffrey Loria has said he does not plan to sell the team.

It’s almost 9:30 a.m. and the meeting has yet to start. 

 

The meeting has just started, so if you want to watch the proceedings, click on the following:

City of Miami Hearings

Cross your fingers and wish for luck.