Originally Posted by DSpivack
The new stadium has cost the local government, what, over $2 billion? They ain't moving.
Not yet, but it will once all the bonds that were taken out to finance the park's construction are finally paid off.
The only thing I hope is that this Miami deal is so utterly horrendous that it finally acts as the tipping point for local governments to stop handing over millions of dollars to subsidize these billion dollar sports leagues. At least with baseball, there appears to be very little real possible markets that could sustain an MLB team available, unlike the NFL and NBA which are using Los Angeles and Seattle as leverage. But the state legislature in Florida has apparently not been very receptive to the Dolphins' request to publicly finance renovations to Sun Life Stadium. They're making noise that this may force them to move... We'll have to see how it plays out.