The Business & Pleasure of Sports

<< Previous entry: Arena design: economics v. art

>> Next entry: Gloria and Emilio Estefan investing in the Dolphins

Marlins Stadium Update No. 6,293,009 (Bond sale on)

It’s been a busy week of technical, banking and court issues related to the Marlins ballpark plan, but as of this afternoon, the ballpark project appears to be back on track.

At least in the eyes of Miami-Dade County officials, who made progress on two fronts today:

County commissioners signed off on some technical changes to the ballpark plan, including delaying the termination date for the ballpark deal until July 15, instead of July 1, with the expectation the bond sale will close by July 17. (Miami City Commissioners took similar action Thursday). And Miami-Dade Circuit Judge Lawrence Schwartz issued an opinion Friday afternoon, denying an injunction to prevent the sale of the bonds.

Miami activists Graciela Solares and Elvis Cruz filed the motion for the injunction against the county and city of Miami on Monday, to stop the planned sale of the bonds, which was scheduled for Wednesday and Thursday of this week. In February, Solares and Cruz filed suit aiming to halt the $515 million ballpark plan because they said it was negotiated behind closed doors in violation of the state’s public records laws.

As a result of Monday’s filing, Miami-Dade County officials chose to delay selling the bonds until June 29 and 30. The decision was made as a precaution, not because county officials believe the suit has merit. In fact, County Manager George Burgess called the suit “extremely frivolous” during a meeting of county commissioners Friday morning.

Solares and Cruz quickly filed notice they are appealing Schwartz’s decision.

But as of now, county officials intend to proceed with the bond sale and the Marlins are expecting work to begin at the former site of the Orange Bowl on July 1, with a ceremonial ground breaking for the 37,000-seat retractable roof ballpark scheduled on July 18.

Despite the roadblocks and technical changes, county officials say they are committed to the project.

“Our confidence in the project and its underlying funding plan has not changed,” Burgess wrote in a memo to commissioners in advance of Friday morning’s meeting.

The team, city and county set a termination date for the ballpark deal so that any side could pull out of the deal before bonds had been sold. County officials say they should know as of June 30 whether the bonds can be sold, with a closing expected by July 17.

“If we terminate, there will not be a ground breaking on the 18th," Burgess told commissioners Friday. “If we close between the 14th and 17th, then we have the ground breaking.”

Categories: Florida Marlins (193), Marlins Stadium Updates (112)

Leave a Reply


You share in the community, so we just ask that you keep things civil. Leave out the personal attacks. Do not use profanity, ethnic or racial slurs, or take shots at anyone's sexual orientation or religion. If you can't be nice, we reserve the right to remove your material and ban users who violate our Terms of Service.

About the author
CRAIG DAVIS In more than 33 years at the Sun Sentinel, Craig Davis has written about a wide variety of sports topics from baseball to yachting, fishing to triathlons, and also worked as a copy editor and page designer. Recently he reported on local sports, including running, swimming, cycling, equestrian and beach volleyball. He enjoys sports as a participant as well as a spectator, is active in the South Florida running scene plays in the curling club at Saveology Iceplex. This blog offers a glimpse at the business side of sports in the interest of enhancing enjoyment of the games and sporting options as a spectator as well as a participant.
Connect with me

Search this blog
E-mail newsletters
Get the news that matters to you delivered to your inbox. Breaking news, hurricane alerts, news from your neighborhood, and more. Click here to sign up for our newsletters. It is fast, easy and free!