MIAMI -- The Florida Marlins and two local governments have ironed out the financial details of a $515 million proposal that would give the team a new 37,000-seat ballpark on the site of the Orange Bowl.
The newest version of the stadium proposal requires that Miami-Dade County contribute $347 million in funding, including $297 million in tourist tax dollars, according to a memorandum from county manager George Burgess that was sent to county commissioners.
Marlins spokesman P.J. Loyello declined to discuss the issue, adding: "After a vote, we will comment."
The 94-page document states that the city of Miami would be required to pay $13 million, which does not include an additional $10 million for the Orange Bowl's demolition.
The Marlins would contribute $155 million for the stadium, which is projected to open in 2011.
City commissioners were scheduled to consider the proposal Thursday morning. County commissioners were expected to discuss the plan later Thursday. Both bodies must vote on the deal for its funding to be approved.
ESPN - Marlins finalizing $515M proposal for new ballpark at Orange Bowl site - MLB
Marlins finalizing $515M proposal for new ballpark
Marlins finalizing $515M proposal for new ballpark
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