Apparently, Marlin’s owner Jeffrey Loria still isn’t isn’t pleased with the Orange Bowl site, and is threatening to reduce his funding contribution for a stadium to be built on that site. From the Herald:
Hernandez said the club is looking to cut its contribution out of concern that building a new stadium on the site of the Orange Bowl — a plan that has gathered support recently among city and county leaders — would not be as profitable as the downtown site that the team prefers.
Some people (including myself) feel that Loria has been stingy with his proposed funding contributions, but in this case he’s right to be concerned about the shortcomings of the Orange Bowl site.
To further complicate matters, construction costs are steadily rising due to the increasingly small window available to finish construction for the new stadium by 2011, when the Marlins hope to be moved in. If all this isn’t enough, it is now being estimated that “road improvements” slated for the area surrounding the Orange Bowl could cost as much as $12 million.
As commissioners lose patience with the stadium deal, Vice Chairman Sanchez sponsored a resolution Thursday calling for an updated stadium plan by a December 13th deadline. He even wants the team to go public before then to announce their commitment to the Orange Bowl site. This ought to be very interesting (as if most political/capital decisions in Miami aren’t).
Photo courtesy of the Miami Herald
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