"The Marlins, Miami-Dade County, the city of Miami and Major League Baseball reached agreement late Friday to finance a $515 million ballpark at the site of the Orange Bowl, according to a source.
The agreement was not released, but was expected to be distributed to county and city commissioners, who will need to approve it. The city has scheduled a special commission meeting to consider the deal at 9 a.m. Thursday; the county commission is to meet at 1 p.m. that day.
The deal calls for the county and city to contribute $360 million mainly in tourist taxes and a $50 million general obligation bond Miami-Dade voters approved in 2004 to renovate the Orange Bowl, but which will instead be moved to the ballpark project.The Marlins are to contribute $155 million.
The Marlins hope to break ground by year's end with the stadium opening by April 2011, when the team would be renamed the Miami Marlins."
Coolness. Bennett prolly loves this right now.
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