State House endorses $60 million for Marlins stadium in Miami
House on Thursday overwhelmingly endorsed a $60 million plan to help build a
new home for the Florida Marlins in
In a 86-24 vote, the House approved the last critical piece of funding needed
to construct a new stadium with a retractable roof. The state money would come
directly from sales tax revenues generated by the team inside the venue.
officials, who have worked out a $490 million financing proposal with the team
and Major League Baseball, estimate the new stadium could generate up to $9
million a year in new sales tax for the state. Up to $2 million of that sales
tax money for each of the next 30 years would stay in
Miami to help pay off the facility.
Full Story in Sun-Sentinel.