January 08, 2007
Marlins Moving Downtown?
FishStripes is optimistic about a stadium deal for the Florida Marlins.
The deal would be a 60-40 split between public funds and the Marlins/MLB. If you read the article, and you should, in order for the deal to take place it doesn't require any money from the state or a new county or citywide tax. It is the first time that a possible funding agreement didn't include mentioning a financial gap or at least it is the first that I can remember.
It's good to see the Marlins kicking in a good chunk of the money, although I'd prefer to see a much higher percentage from the club. And while there is no direct tax on residents, there is an indirect tax:
The ballpark is projected to be funded in a 60-40 percent public-private partnership between the city of Miami-Dade County and the Marlins, DuPuy said, with the public funding coming from hotel-motel, facility and redevelopment district taxes. A sales or income tax that would directly affect Miami-Dade County citizens is not contemplated nor is state money at the moment.
So it's the visitors to Miami who are footing the bill. And of course, there's no way that more expensive hotel rooms might cause tourists to travel elsewhere.
Posted by David Pinto at
08:25 AM
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It also doesn't mention who is on the hook for cost overruns- which seem to be inevitable in these projects.
It never ceases to amaze me how cities allow themselves to get rolled by the teams. It seems to me to be common sense that a city would require an audit of the teams books and an agreement that the city get paid back more/faster if the teams profits exceed projections. Yet they never even consider this.
Ivan
When you have a tourist based economy as in Florida it's easy to pass on costs to outsiders. In order to get from the Orlando airport to Disney World you have to take the Beeline Expressway - which has a toll. Florida's great at this sort of thing.
Downtown Miami is developing like gangbusters lately. What's one little stadium in the mix of office parks and mid-rises?
Oh - and hotel prices everywhere from South Beach to Pompano have doubled in the last 18 months. Coconutty bananas.
Nearly EVERY major metro area has huge taxes on hotels and rental cars now - politically, there's nothing like soaking those who don't live there (what's that - taxation without representation? Never heard of it.... ;-))
In order to get in/out of Dolphins Stadium you just about have to use a toll road, the name of which escapes me at the moment. So the Floridians definitely know how to pick up some extra revenue.
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