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 Stephen Ross to pay for renovations 
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Post Stephen Ross to pay for renovations
Way to step up Mr. Ross!

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One year after a failed attempt for public funding, Miami Dolphins owner Stephen Ross is expected to announce his plans to invest up to $400 million of his own money to renovate Sun Life Stadium, a league source confirmed to ESPN.com Monday.


http://espn.go.com/nfl/story/_/id/10584 ... enovations

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Mon Mar 10, 2014 5:57 pm
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Post Re: Stephen Ross to pay for renovations
As he should. It's his business, not the tax payers.


Mon Mar 10, 2014 7:03 pm
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Post Re: Stephen Ross to pay for renovations
His other business ventures must be doing well............he donated $200M to the University of Michigan in September.


Mon Mar 10, 2014 8:04 pm
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Post Re: Stephen Ross to pay for renovations
tax releif

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Mon Mar 10, 2014 8:15 pm
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Post Re: Stephen Ross to pay for renovations
Holy hell. I hope he buys up all the hotels and bars that will thrive during SB and BCS season too. Since those stingy bastards don't wanna pony up.

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Mon Mar 10, 2014 11:28 pm
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Post Re: Stephen Ross to pay for renovations
shularino wrote:
His other business ventures must be doing well............he donated $200M to the University of Michigan in September.


He has a $20 B project going on up north right now.
He spent 1.1 on the Dolphins & Stadium....

400 mil is not going to hurt him, but for fans who hate him this is disastrous as it just prolongs his time here. He will need to get return on the investment, and that may take 10 years....

Personally I like him, just wish he would hire another czar and stay out of it himself

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Tue Mar 11, 2014 7:37 am
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Post Re: Stephen Ross to pay for renovations
:yay:

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Below is a statement issued from Ross by the Dolphins:

“I have made clear I want the stadium modernized because it’s right for our fans and it’s right for Miami-Dade and South Florida. I have decided the best way to get this done is to pay for the project with private funds. All we ask in return is that we are treated the same as all franchises in the state of Florida. A world-class city needs a world-class stadium.

We haven’t won a Super Bowl bid in Miami-Dade in far too long, and we know that with the stadium as an issue, we never will unless it is modernized. The Super Bowl Committee will have to decide if they want to compete for the next two Super Bowls so time is of the essence. It is time to move forward.

This privately funded project will create more than 4,000 local jobs. We can bring back the Super Bowl, the College Football Playoff Championship and world-class soccer matches — and all the revenue those big events generate for the local community. I am going to make the commitment and provide the resources because Miami deserves the economic benefits of a modernized stadium.

But for me, this is about something more. I grew up here in Miami-Dade and have been part of this area for most of my life. I want to do this for the community that has done so much for me, and for this storied franchise that means so much to the people of South Florida. With this project, we can secure the future of the Dolphins in Miami-Dade for another 20 years. That is more important to me than anything else.”


http://wqam.com/2014/03/11/report-ross-funding-400m-in-renovations/

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Tue Mar 11, 2014 2:04 pm
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Post Re: Stephen Ross to pay for renovations
I like what Ross is doing. He's pushing the stadium and team forward. The man inherited a bad team and a crappy stadium when he purchased the Dolphins. I was in Miami two years ago to watch a Marlins game. The facility was pathetic. In my opinion Ross should bulldoze the entire thing and start new. But $400M should make the place relevant for the next five to ten years, and that will be enough for him to host at least two Super Bowls and some other major events. Ross is a smart business man, he'll have that money back quick.


Thu Mar 13, 2014 12:49 pm
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Post Re: Stephen Ross to pay for renovations
He wants no property taxes ever. Just because the Heat and Marlins snookered the County Commission doesn't mean the Dolphins will get away with it, and you will definitely hear some big hell-raising from Miami Gardens. It's one thing if there are hotels/attractions in the area to attract a larger tax base, but Miami Gardens is in the 'hood (which means none of that), and when you're talking about the single biggest taxpayer in the entire City of Miami Gardens, you're talking about taking pay away from police, schools, public works, etc. If you want to see an example of a "profiltable nonprofit", as I call them, ripping off a city to the tune of millions, you can come to Pittsburgh and look at what UPMC is doing here. Ross should put up AND shut up.


Fri Mar 14, 2014 2:18 pm
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Post Re: Stephen Ross to pay for renovations
DevilInPgh wrote:
He wants no property taxes ever. Just because the Heat and Marlins snookered the County Commission doesn't mean the Dolphins will get away with it, and you will definitely hear some big hell-raising from Miami Gardens.


First of all, the Downtown area of Miami is completely, totally 100% revitalized and a big reason for that is the American Airlines Arena.

Downtown Miami used to be a dead zone. Not a soul around after 5PM.

Now it is full of new highrises, shopping, restaurants, clubs. It is COMPLETELY changed and the first significant domino in this change was the AAA. So... bad example there.

Property value in Downtown Miami has sky-rocketed with more projects coming in the future.

And guess what sky rocketing property values means... yes higher property taxes leading to higher tax revenue.

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It's one thing if there are hotels/attractions in the area to attract a larger tax base


There are hotels and a dogtrack/casino in the area. Besides, you have to start somewhere. Having more events in the area may lead to revitalizing the area.

Quote:
but Miami Gardens is in the 'hood (which means none of that), and when you're talking about the single biggest taxpayer in the entire City of Miami Gardens, you're talking about taking pay away from police, schools, public works, etc.


So therefore the solution is to continue giving revenue to the city that can't administer the funds properly enough to get itself to stop being a bad neighborhood?

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Fri Mar 14, 2014 2:29 pm
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Post Re: Stephen Ross to pay for renovations
Ross is the 3rd wealthiest owner in the NFL behind the guy in Seattle, and St. Louis. He'll get his money back from this deal quick, he is where he is because of wise investments.

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Fri Mar 14, 2014 4:11 pm
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Post Re: Stephen Ross to pay for renovations
I hope he starts making plans for a new build as soon as work begins on Joe Robbie (for life)

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Sat Mar 15, 2014 8:31 am
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Post Re: Stephen Ross to pay for renovations
Here's more information on it.


Dave Hyde wrote:
Listen to Norman Braman.

The patron saint of public money spent millions of his own money fighting the Marlins' deal. He ridiculed the Dolphins' proposal last year that was tripped up in the Florida legislature. He's a former sports owner and good bellwether of any deal.

"A good step in the right direction," he called the Dolphins' new idea.

Ross proposes to spend up to $400 million to renovate Sun Life Stadium. The place needs some work, too. A few months back, an executive with another pro team walked around the stadium and said, "It needs some help or the bill in the future gets big."

The Dolphins, in return, propose they'll no longer pay $3.8 million in real-estate taxes. Don't puff up too much over this. No pro team in South Florida has ever paid real-estate taxes except the Dolphins.

That's because the Dolphins were the only team to privately build their own stadium. So, in essence, the Dolphins have been penalized for doing what no South Florida team has done.

But here's where the deal works even for those saying Miami Gardens and Dade public schools need their $1 million share from the Dolphins' taxes. The Dolphins' proposal says that while Miami-Dade County would own the stadium, they wouldn't maintain it.

Let's look what that means. Every few years the Panthers stick out their hand for something. A new scoreboard. Rising insurance costs. New owner Vincent Viola's first public move was to ask for $5 million a year from Broward's bed tax to service debt and maintain the arena.

Both the Heat and Marlins also receive millions of dollars each year in subsidies from the Miami-Dade bed tax to pay debt service, maintenance or facility operations.

The Dolphins don't want any of that. So the way to tinker this deal into completion is easy. Have bed-tax money cover the foregone Sun Life Stadium real-estate taxes.

The Dolphins refurbish the stadium with private money (unlike other teams), won't pay real-estate taxes (like every team) and $2 million in bed-tax money (far cheaper than other teams take) replaces lost taxes for Miami Gardens and Dade schools.

Everyone wins. The return of the Super Bowl every five years or so probably would pay for that bed-tax rate.


Read more here: http://www.bellinghamherald.com/2014/03 ... rylink=cpy

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Sun Mar 16, 2014 8:37 am
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Post Re: Stephen Ross to pay for renovations
This is South Florida. No matter what , someone is not telling the truth , a politicians hand will be greased , the elite will benefit & the average tax payer will get screwed. Just glad I m in Palm Beach County where while the corruption is still running wild we have at least put some of these people in jail & have stayed out of the arena , stadium business.

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Sun Mar 16, 2014 9:04 am
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Post Re: Stephen Ross to pay for renovations
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Everyone wins. The return of the Super Bowl every five years or so probably would pay for that bed-tax rate.


I like the Ross plan and the way things are nowadays with innovation, I could easily see Sun Life Stadium being turned and upgraded into much more and for a stadium built back in 1987 it still does have that potential to have a better look and feel as well as getting more modernized.

I am personally most excited of Ross wanting to bring the Orange Bowl effect back by adding several thousand seats CLOSER to the field to give that 12th man effect. That cannot happen soon enough for me as that will give the opposition a louder impediment to deal with etc.


Sun Mar 16, 2014 9:11 am
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Post Re: Stephen Ross to pay for renovations
I say if he doesn't get at least something from Miami-Dade, petition Broward for a better offer and start from scratch

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