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From the staff of the Tampa Bay Times

Gov. Scott attaches conditions to Dolphins' stadium tax break

6

March

As lobbyists for the Miami Dolphins seek legislative approval for a tax break for improvements to Sun Life Stadium, Gov. Rick Scott is weighing in and proposing additional hurdles to any stadium deal.

A document obtained by the Herald/Times lists a series of conditions -- called "principles" by Scott advisers -- that would have to be met before the Dolphins can secure a rebate of $60 million in sales taxes over 30 years.

Among the conditions:

* Dolphins owner Stephen Ross would have to match the cost of stadium improvements, and "the more the better."

* Miami-Dade would have to provide a local funding match, and "the more the better."

* The team would have to commit to staying at the stadium for the life of the tax break (which could be 20 or 30 years), or else the team would be required to repay bond payments and be responsible for future bond payments.

* The Dolphins must pay for an economic impact study, "vetted and approved by Enterprise Florida," that shows a return on investment.

* Any tax breaks would have to approved by voters in a county-wide referendum.

The referendum requirement was added to the bill (SB 306) that unanimously passed the Senate Finance & Tax Committee Wednesday, and Dolphin lobbyist Ron Book said the economic impact study is already underway.


Read more here: http://miamiherald.typepad.com/nakedpolitics/2013/03/gov-scott-puts-conditions-on-dolphin-stadium-tax-break.html#storylink=cpy

 



[Last modified: Wednesday, March 6, 2013 4:10pm]

    

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