June 4, 200917 yr I watched the County Commission meeting on TV last night and caught this: Miami-Dade County will go to market to try to sell the stadium bonds on June 17 and 18. If they are successful in selling all the bed-tax-backed bonds needed to finance the stadium they will sign off on the sale on a special meeting on June 19. However if the County is successful in selling them at the previously stipulated price (I believe it is below 7.5% interest) the meeting will be just a formality since the sale of the bonds has already been approved by the Board. The bonds have been rated favorably and the sale of the bonds is expected to happen without any problems. By law, the Mayor Alvarez will have a ten day period to veto the deal (which he certainly won't do). The deal will then be completed by the deadline of July 1, which is the date after which none of the parties (County, City, or team) can back away from the baseball stadium agreement. However, if the County can't sell the bonds, the County will be back off the deal before July 1 and the whole stadium deal goes down in flames. This is not expected to happen. By June 19 we will finally know for sure that we will have a stadium for the Marlins.
June 5, 200917 yr With the excellent ratings from the major bond bureaus, it looks good that the Marlins will finally get their stadium.
June 7, 200917 yr Wait what? I thought the stadium was a done deal already!!! WTF There is a chance it still might not happen?
June 7, 200917 yr Wait what? I thought the stadium was a done deal already!!! WTF There is a chance it still might not happen? its gonna happen. mlb is involved. im sure they already have buyers lined up. its not like they havent been working on these bonds sale for months already.
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