Tuesday, January 14, 2014

David Beckham, investors hire Tallahassee lobbyist for Miami soccer push - Miami-Dade - MiamiHerald.com

Many financing obstacles before this new Miami soccer team reaches its goal. The County has agreed to help the franchise look for a stadium site, but the County was clear that any site it owns would carry annual rent payments, not a token amount like $1 a year. There are other hurdles in Tallahassee where the environment for these sorts of stadium deals has soured after the Dolphin's escapade last year. Click title for link. Here are some of the details that have to be worked out.
For Beckham’s team to obtain funding, lawmakers would first have to add Major League Soccer to the state’s list of professional sports teams. A state representative tried to make the change last year — and secure a subsidy of up to $2 million a year for 20 years for an Orlando franchise — but the effort stalled.
Last year, MLS announced an expansion Orlando team. The league has also sounded supportive of a Miami rival owned by Beckham, who retired from MLS last year with an option in his contract to purchase a franchise for a discounted $25 million.
After adding soccer to the list of sports, legislators would have to craft a competitive funding mechanism for new franchises to apply for the sales-tax funds, Ballard said. If a soccer franchise makes the case that it’s going to generate more money than it would receive in its subsidy, then legislators have an incentive to grant the funding.