Dolphins, Miami-Dade County agree on stadium deal
caines | 4/11/2013, 5:30 a.m.
The Miami Dolphins have come to terms with Miami-Dade County [M-DC] regarding Sun Life Stadium renovations with time running out for the Dolphins goal to have a stadium referendum go before County voters in May. After Dolphins CEO Mike Dee and M-DC Mayor Carlos Gimenez reached an agreement late Monday evening, including $7.5M in hotel taxes going to the team each year. The next step was for the Commission to approve the deal which they did during a specially-held commission meeting last Tuesday morning. The commission must move quickly as any special election must be advertised by April 13th. The election will cost between $3 and $ 5 million and will be paid for by the Dolphins. County officials say the deal will yield favorable results for M-DC given that the team will: pay 70 percent of costs related to construction; repay the County and the State approximately $167M; pay 100 percent of costs if the project goes over budget; and commit to staying in M-DC for the next 30 years. In addition, there will be penalties if they fail to secure multiple Super Bowls, college championships and international soccer matches. Once the special election is advertised, the Florida Legislature must vote on the stadium deal no later than May 3rd the last day of the 2013 legislative session. Next, on May 14th, County voters will go to the polls and have their say on the referendum. It has not been determined how many days will be allotted for early voting. Miami Times staff report