This is standard practice all around the world, invest cash in the short term, reap long term benefit in tourism tax and spending. The London Olympics made a massive impact on the British Economy last year and tourism will continue be boosted in the next new few years, to get that boost we had to put cash in, thats how these things world. This isnt "another evil Miami billionaire picking on poor little Miami" this is how the world works.
$200 million seems like a drop in the bucket compared to the 16 trillion our Federal govt. owes to bond holders all over the world. It's only a matter of time folks. Enjoy it while it lasts. I'm okay throwing away another 200 million as long as it improves the entertainment while we are still eating. Yes I have given up on our govt. Go Dolphins.
I support this Logo. Not sure who created it.
When will we invest in winning?
this is why he makes money and you don't. He's a smart business man. why would you put all your money in in something that could make you no money in return?
The new venues are awesome in scope and design. This won't threaten that. It's a patchwork, a patchwork slapped together in the late going. This isn't like the logo, where an inept design is panned beforehand and quietly amended. Whatever they stick up there, we're stuck with. And there will be mistakes, whether it's rain or sun or convenience related, if not all of the above. No problem, more patching.
I won't give up completely but there's also very little prospect we'll have a dominating home field advantage. I do studies in that regard all the time, comparing home and road results via points scored, points against, comparison to the pointspread, and several related categories. Our venue is so far behind the average and the median, by more than a point and a half, that it would take a remarkable adjustment to catch up. I'm not aware of an example of a bland stadium patched to something other than that.
I'm forever amazed at the strange weighing of variables, what people are willing to settle for, if it satisfies a check box. There, we've got our new stadium, the details be damned. Corporations certainly have figured it out. Throw out a few press releases, veiled threats, and attacks on the opposition, while happily holding out your palms.
The NFL and Goddell really strong armed the Dolphins into this. Basically they said no more Super Bowls until upgrades are made.
It's fine by me if we don't get them, the win loss column for the Dolphins won't change any if they are made or not.
An investment by South Florida shows they care about the Dolphins and the next owner after Ross will take notice.
There is more to gain from supporting Ross in this endeavor than there is to lose.
The taxes will not come from locals and the economic impact will be huge if Miami picks up an extra Super Bowl every five years because of it.
Not to mention the soccer deal Ross is trying to put together that would bring even more International attention and money to South Florida.
Economically it's a safe investment for South Florida. You have a few extra large events that attract hundreds of thousands of people who all spend money.
These hundreds of thousands of people eat out, shop, visit local attractions, take cabs, and hell even the strippers make more money.
But don't be too sad over the council passing the vote. My guess is they lowball the Dolphins and offer up less than half of what he is asking for.
They have no qualms, no conscious, telling them what is right and wrong in these situations. They take, and take, and steal, and do not care. They are cheap like you wouldn't believe.
Normal people like you and me would never get as rich as they are, because we would actually do the right thing too many times.