Dolphins Owner Stephen Ross on His Pledge to Miami
As he announced his plan for a $400 million makeover of Sun Life Stadium Monday, Dolphins owner Stephen Ross promised to approach the project very differently than other stadium financing deals in the past. He pledged to invest more personally and return more to the community than other stadium arrangements; invest a majority of the money into the stadium; and to keep the franchise playing in the stadium for the next 25 years. "Sun Life and Miami will really go together as Miami continues to grow," Ross said.
Voters may get a say in whether tax dollars can be used to renovate the Miami Dolphins football stadium.
A Florida Senate panel on Wednesday unanimously approved a measure (SB 306) that would guarantee $3 million a year for the next 30 years to help pay for upgrades at Sun Life Stadium. But the committee changed the bill to require a referendum before local bed taxes can be used for the project.
The legislation still must go through two more Senate committees before it reaches the full Senate.
Dolphins owner Stephen Ross wants to use state and local to help pay for $400 million worth of renovations. Backers contend it will help bring back the Super Bowl to the area. The Miami Hurricanes also play at Sun Life.
