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June 01, 2013

Miami-Dade County Will Be In A World Of Hurt In About 20 Years

Open thread, but found this interesting.

I missed this story early this year, but Miami-Dade will pay back $1.2 billion on a bond package valued at $91 million starting in the late 2020s for the Miami Marlins new stadium. This is only one on the bond packages. The total is close to $2.5b on $500 million borrowed. Amazing.

Meanwhile, Major League Baseball's attendance is down around 2.9% and the Miami Marlins alone are responsible for 40% of that.

Is anyone aware of any examples of public financing of sports team stadiums working out well for taxpayers? I'm really asking. Please link one in the comments if you find any.

posted by JohnE. at 06:09 PM

| Access Comments


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Meanwhile, Major League Baseball's attendance is down around 2.9% and the Miami Marlins alone are responsible for 40% of that. Is anyone aware of any examples of public financing of sports team stadiums working out well for taxpayers? I'm really asking. Please link one in the comments if you find any. posted by JohnE. at 06:09 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Huck Follywood: "I wish she had asked "Are you Jimmah? How's year ..." 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