Blog Entry

Miami wants to reopen stadium deal

Posted on: August 26, 2010 2:35 pm
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Incensed by leaked documents showing that the Marlins were making a profit at the same time they were crying poverty to get public money for a new ballpark, the mayor of Miami is looking into whether the city can revisit an agreement to build a $100 million parking garage for the team.

According to the Miami Herald, mayor Tomas Regalado wants the city -- the parking garage is its primary contribution to the $642 million project -- to reap 100 percent of advertising revenue from signs in the garage. The current deal calls for the team and city to split the money.

"If the answer is in the negative, what recourse do we have to expose those who misinformed the commission and public during a public hearing?'' Regalado asked City Attorney Julie Bru.

Thus far, the only repercussions from the release of private financial reports for six teams -- the Marlins, Rays, Rangers, Mariners, Angels and Pirates -- have been in public relations. If the Marlins, who as a private business had no legal obligation to open their books, suffer a financial loss as a result, you have to think they'd have a compelling basis for a lawsuit against whoever was responsible for leaking the documents. Apparently Major League Baseball is looking at an unnamed insurance carrier as the possible source of the leak.

-- David Andriesen

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Category: MLB
Comments
kkjyywlpo
Since: Dec 2, 2011
Posted on: December 13, 2011 6:37 am
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Since: Dec 2, 2011
Posted on: December 11, 2011 8:49 pm
 

Miami wants to reopen stadium deal

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Since: Aug 27, 2010
Posted on: August 27, 2010 10:23 am
 

Miami wants to reopen stadium deal

The mayor is "incensed" because the information has gone public.  There is no way he could be at all competent and not have known the real situation from the start.  This is what sports teams do -- hide their profits while extorting the public. 

In Boston, when they tried this we fought back.  There were plenty of stooge politicians that wanted to fund the destruction of Fenway Park using public money.  But there was enough resistance to put on the brakes, and it didn't happen. 

Today Fenway Park has been completely renovated, is in the midst of the longest sell-out streak in baseball history (and closing in on the longest streak in SPORTS history), and will celebrate its 100th anniversary in 2012. 

Recommended reading: Field of Schemes


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