Thursday, March 25, 2004
Marlins Seek $60 Million Break on Sales Tax to Help Build Stadium
Still $115 million short of the $325 million they need for a new ballpark, the Florida Marlins have asked the State of Florida for the right to keep $2 million/year of the sales tax the park will generate for the next 30 years. "And they're essentially asking to borrow a rebate destined for the Orlando Magic basketball team, which has yet to cement plans for a new arena. The idea is that the state would grant the Magic another rebate to use later."
Authors Jennifer Peltz and Sarah Talalay of the South Florida Sun-Sentinel note:
"Since 1993, the state has paid more than $85 million in tax rebates to 14 stadiums and other sports venues, mostly to attract or keep professional sports teams."
Otherwise no tourists would ever visit Florida, you know...
The Marlins have pledged $137 million toward the stadium, and Miami-Dade County has contributed another $73 million. The club recently set a new artificial deadline of May 1 for picking a site and completing the financing.
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Still $115 million short of the $325 million they need for a new ballpark, the Florida Marlins have asked the State of Florida for the right to keep $2 million/year of the sales tax the park will generate for the next 30 years. "And they're essentially asking to borrow a rebate destined for the Orlando Magic basketball team, which has yet to cement plans for a new arena. The idea is that the state would grant the Magic another rebate to use later."
Authors Jennifer Peltz and Sarah Talalay of the South Florida Sun-Sentinel note:
"Since 1993, the state has paid more than $85 million in tax rebates to 14 stadiums and other sports venues, mostly to attract or keep professional sports teams."
Otherwise no tourists would ever visit Florida, you know...
The Marlins have pledged $137 million toward the stadium, and Miami-Dade County has contributed another $73 million. The club recently set a new artificial deadline of May 1 for picking a site and completing the financing.
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