Mar 17, 2013 (The Miami Herald – McClatchy-Tribune Information Services via COMTEX) —
The Miami Dolphins are seeking tax break subsidies to help pay for a $400 million stadium renovation.
Project supporters hope that such a massive investment will lead to more Super Bowls in the future. South Florida is competing with San Francisco to host the 50th anniversary Super Bowl in 2016. The NFL will announce the winner in May.
Stadium supporters told a state Senate committee March 6 that the public will reap benefits from the big bucks that come from a Super Bowl.
“A single Super Bowl generates over $300 million in economic benefits to South Florida and its businesses,” said Sen. Oscar Braynon, a Democrat who represents Miami Gardens, where the Sun Life stadium is located.
Longtime Dolphins lobbyist Ron Book upped the ante:
“Super Bowl L by everybody’s estimation is a $500 million economic impact to the state of Florida,” Book said.
That’s a pretty strong claim. Is there widespread agreement on that number?
The Dolphins are seeking about $200 million in public financing for about half the cost of a major stadium renovation. It would include state sales tax rebates and an increase in the Miami mainland hotel bed tax
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