That would be good for the Marlins to get a dome. IT would be very exciting for the players and the fans. Lora and the FO will make alot more money since the dont have to pay nothing no more and now more fans will come. I hope Arriola Acepts Loria's plans! I cant wait...

You mean retractable roof.....

Big problem is whether all the parties involved can get together, pay their part, and get it done. Sine it's only the Marlins, Dade County, and City of Miami, without the State, I say it will happen sooner than later. Each party is just negotiations to get the best deal they can.

 

Total cost $325 million

Marlins pay $100 million in rent

City pays $??? million and in Land

County pays rest from bonds and hotel tax

You mean retractable roof.....

Yea thats wht i mean but in the topic and the article it says "Dome".....

Big problem is whether all the parties involved can get together, pay their part, and get it done. Sine it's only the Marlins, Dade County, and City of Miami, without the State, I say it will happen sooner than later. Each party is just negotiations to get the best deal they can.

 

Total cost $325 million

Marlins pay $100 million in rent

City pays $??? million and in Land

County pays rest from bonds and hotel tax

I was thinking, and this team needs a stadium, period. If they could get one built for the low, low price of $250 Million like Minute Maid was, why wouldn't they try and build it for the lowest possible price?

Big problem is whether all the parties involved can get together, pay their part, and get it done. Sine it's only the Marlins, Dade County, and City of Miami, without the State, I say it will happen sooner than later. Each party is just negotiations to get the best deal they can.

 

Total cost $325 million

Marlins pay $100 million in rent

City pays $??? million and in Land

County pays rest from bonds and hotel tax

I was thinking, and this team needs a stadium, period. If they could get one built for the low, low price of $250 Million like Minute Maid was, why wouldn't they try and build it for the lowest possible price? Minute Maid would could $325 million in South Florida because of land values. Land where Minute Maid is isn't worth as much as land near Arena. Since city owns the arena land, that cost has already been paid off.

I know. We wouldn't have to pay for the land period, so if we could build the stadium for $250, why wouldn't they try to get the price as low as possible...?

I know. We wouldn't have to pay for the land period, so if we could build the stadium for $250, why wouldn't they try to get the price as low as possible...?

All costs must be included. since land is a cost, it must be counted.

 

Ballpark $225 million

Land $100 million

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Total $325 million

But if the land is already owned and doesn't have to be paid for, than why is it included as a cost?

But if the land is already owned and doesn't have to be paid for, than why is it included as a cost?

Because the land could be sold by the city and bought by the stadium authority and then it would be a cost.

 

ANYTHING WORTH MONEY, WHETHER PAID OR NOT, MUST BE LISTED IN THE TOTAL PRICE OF THE PROJECT...that's how government works.

I seriously doubt the city is just going to give $100 million worth of land to the Marlins, thats why its part of the cost, the Marlins will have to pay rent on it besides the $100 million they would be contributing. Earlier this year, there was an article that said the Marlins agreed to pay a certain amount for rent and the city managers response was something like "Rent is rent, of course they would have to pay rent (just like anyone else who wants to use that space would), but the Marlins need to be willing to pay a bigger part to build the stadium." This $100 million the Marlins are saying they would pay is new since then.

So wait, in a nutshell, even though in reality it costs $225, they must add the $100 just because?

So 225 million is enough to build a nice retractable roof stadium?

Marlins have always stated since Miami Arena site was cosnidered they would pay $100 million dollars in rent. $100 million dollars would be used to pay off ballpark, Marlins would, like any other tenant, be required to maintain the ballpark.

So wait, in a nutshell, even though in reality it costs $225, they must add the $100 just because?

Isn't america wonderful?

I seriously doubt the city is just going to give $100 million worth of land to the Marlins, thats why its part of the cost, the Marlins will have to pay rent on it besides the $100 million they would be contributing. Earlier this year, there was an article that said the Marlins agreed to pay a certain amount for rent and the city managers response was something like "Rent is rent, of course they would have to pay rent (just like anyone else who wants to use that space would), but the Marlins need to be willing to pay a bigger part to build the stadium." This $100 million the Marlins are saying they would pay is new since then.

I've been under the impression that the land would be given to the team to build the stadium on, plus the city/county would help pay for the building of the structure. BUT, they would get a certain percentage of revenue generated by the stadium.

So wait, in a nutshell, even though in reality it costs $225, they must add the $100 just because?

Because the value of the park is 225 mil, but land is worth 100 mil, so in total it is 325 mil.

 

Can't buy a house without land, right? Same reason why you pay mortgage on house with land.

So wait, in a nutshell, even though in reality it costs $225, they must add the $100 just because?

Not just because, because the land has value. This isnt the 18th century when land is being given away to those who will farm it. If the city could sell the land for $100 million, then that is part of the cost because they could no longer sell it to someone else if there is a stadium there.

city would lease alnd for 99 years at a $1 like county did with the Pro.

Because the value of the park is 225 mil, but land is worth 100 mil, so in total it is 325 mil.

 

Can't buy a house without land, right? Same reason why you pay mortgage on house with land.

I get it now... Thank you CapeFish....

Guys, the Miami Arena is not paid off. The bonds to construct it are still being paid. Any demolition of the Arena would cost money, on top of the fact that the City/County are still paying for the Arena, and then you'd throw a baseball stadium on top of that? That's some serious scratch. It would be like demolishing your house to build a bigger one, and your original mortgage isn't paid off. You're then dealing with two mortgages.

 

The estimations for the stadium are in the $300 to $400 million price range (and that is not calculating the cost overruns -- notice how Safeco ran up to $537m because of overruns!). It looks very promising, though and at least the Marlins are going to put some $$$ forward.

This is all very complicated. :confused But I remember when Henry the infamous was the owner, that he was pushing for 400 million at least. Now all of the sudden we can build it with $300? Also, I remember that the Miami River site is problematic because you can only approach it from one side, therefore increasing the cost of building a stadium there and the time that it would take to do so. Bicentennial Park was always the best site, but for the screaming environmentalists. Just some thoughts and considerations on the topic...

This is all very complicated. :confused But I remember when Henry the infamous was the owner, that he was pushing for 400 million at least. Now all of the sudden we can build it with $300? Also, I remember that the Miami River site is problematic because you can only approach it from one side, therefore increasing the cost of building a stadium there and the time that it would take to do so. Bicentennial Park was always the best site, but for the screaming environmentalists. Just some thoughts and considerations on the topic...

Miami Arena site is big and allows for alot of flexibility, so it's cheaper. No special construction needed. The land is already paid for, and construction will be done cheaper.

I still think Bicentenial Park would be the "coolest" place to have it, but all in all when you think about it, Miami Arena makes sense...

 

But let's also keep in mind, selling/leasing the naming rights of the stadium can generate anywhere from $25 to $50 Million more.

Marlins $100 million and Costs to Maintain the Ballpark

Naming rights $50 million for 25 years lets say

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$325 million - $150 million = $175 million

 

Preconstruction Skybox leases could pay of $175 million. 75 skyboxes for 10 years at $10 million each = $75 million.

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$175 million - $75 million = $100 million

 

County and City must pay $100 million including land and demolision of Arena if needed. The governments want the team to pay a little more and the team wants the governments to pay a little more.

 

Remember that the ballpark will host games, concerts, and other events. It will replace the Miami Arena for many events.

God damn the University of Miami (although I love the school). Use your own money to renovate the Orange Bowl and let the county/city give us $100 Mill!