Miami Herald: How a $91M loan on Marlins Park will cost Miami-Dade $1.2B

Who'd have thought not making your first payment on a huge loan until 15 years later would cost money? /bluefont

 

Loria is a scumbag but Miami-Dade has gone along with it.

Don't feel bad at all for any taxpayers there.

You get the politicians you deserve. If citizens truly care, recall every last one of them (if possible) or vote them out next time around.

 

A professional sports franchise owner obeying terms of a lease? BWAHHAHAHAAHAH.

They'll do whatever they want, pull another extortion episode on the taxpayers as usual.

 

You don't know what you're talking about here.
Hillsborough County and the city of Tampa wrote the lease in such a way the Bucs incurred virtually no construction costs.
And then got to pull in its chest of profits.
The team pays no taxes on the facility as it was cleverly and legally specified as a 'condominium' to avoid tax jeopardy.
The stadium is Super Bowl-ready, unlike others in the state, and, as it turns out, in most of the NFL.

 

And in very short order, they will want more, and threaten to leave if they don't get it.

 

Sure it does. The billionaires always want more.

Whatever they're getting now, they'll want more, and they'll take hostages to get it.

 

Very well-argued.
I particularly admire the geometric circularity of it.
You're dealing in vagaries. Bring some facts or hit the road.

 

Maybe the way to demonstrate the utility of the stadium and its financing is to offer into evidence the "revenue" it's going to "produce" for the "community" over its long (fantastically expensive) lifetime.

 

Miami is probably the most fucked-up city in America, in many ways.

 

Slight thread-jack, but read Sen. Amy Klobuchar's "Uncovering the Dome" for a good look at stadium politics. "Stadium Games" is another good read on stadium politics in Minnesota.

 

There, fixed.

 

Unfortunately, the NFL's statement to a city, 'You build us a stadium and we'll give you a Super Bowl,' isn't going away anytime soon.