Miami-Dade Comission decided to approve the second proposed scheme for Sun Life Stadium revamp. Works should begin within weeks and last until mid-2016.
On Tuesday the Miami Dade county commissioners voted to approve the proposed redevelopment of Sun Life Stadium. This means works have a green light to go forward and should begin in the next few weeks. Fully covered stands will be ready for reopening in mid-2016, before the NFL season.
The project is worth roughly $350-400 million and will be financed by billionaire Stephen Ross, owner of both the stadium and Miami Dolphins franchise. The creative, though controversial deal gives the Dolphins what was termed a performance-based marquee event grant.
The team will still pay taxes, but will instead receive money from the county for securing top events, such as the Super Bowl and college football playoff games. A Super Bowl at Sun Life Stadium will pay the team $4 million, while the college football national championship game will rake in $3 million.
Sun Life Stadium will now almost certainly get another Super Bowl. Miami’s 2016 and 2017 efforts were unsuccessful mostly due to the stadium’s standard. Most probable edition up for grabs is 2019.