Miami Taxpayers Now Stuck With A $2.4 Billion Stadium

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		Home Tech/Media Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, November 15, 2012 Miami Taxpayers Now Stuck With A $2.4 Billion Stadium The Miami Marlins new ballpark cost $515 million to be constructed. Of that, the Marlins, and owner Jeffrey Loria, contributed $155 million with some of the cost coming in the form of rent payments. The rest of the bill, including a new parking garage came to $454 million, and was paid by the city of Miami and Miami-Dade County. Well, that was just the up-front cost. The county and city didn't just have $454 million laying around. So they sold bonds to raise the funds. And it has been estimated that it will cost the city and county $2.4 billion to repay that money over the next 40 years. Here's a look at how much the taxpayers will have to pay for a stadium that will house what some might call a minor league team in 2013... Data via Forbes.com and CBSSports.com Read » Also On Sports Page Today: Kemba Walker Hit A Game-Winner Last Night Reminiscent Of His College Days Knicks Player JR Smith Says He's Going Out In NYC Less Than Last Year — And He's Having His Best Season Yet Advertisement SPORTS CHART OF THE DAY: This Is Not The First Time The Marlins Gutted Their Payroll SPORTS CHART OF THE DAY: Bryce Harper Wins Controversial Rookie Of The Year Award SPORTS CHART OF THE DAY: Kansas State Tops BCS Despite Not Leading Any Polls Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Sports Page RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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