HomeMy WebLinkAboutSummary FormDate: 2/19/2008
AGENDA ITEM SUMMARY FORM
FILE ID: 0 $-O l `I 7
SP.1
Requesting Department: Mayor/City Manager
Commission Meeting Date: 2/21/2008 District Impacted: Citywide
Type: ® Resolution L Ordinance fi Emergency Ordinance j I Discussion Item
I)
Other
Subject: Baseball Stadium Agreement
Purpose of Item:
Resolution of the Miami City Commission, approving a Baseball Stadium Agreement (BSA) among
the City of Miami, Miami -Dade County and the Florida Marlins, L.P., related to the design,
development and construction of a new Baseball Stadium for the Florida Marlins at the Orange Bowl
site; authorizing the City Manager to execute said agreement.
Background Information:
The City of Miami has been actively pursuing the development of a new stadium for the Florida
Marlins over the past 7 years. Numerous sites within the City to include Bicenntenial Park,
Downtown and the Orange Bowl, were explored as possible options. University of Miami's decision
to leave the Orange Bowl and move its football program to Dolphin Stadium beginning next season
has made the Orange Bowl site available for design, development and construction of a professional
baseball stadium and as such the City, County, Team and Major League Baseball (MLB) have been
negotiating the proposed BSA at the Orange Bowl site for several months now. The Marlins lease at
Dolphin Stadium is set to expire at the end of their 2010 season. (Continued on next page)
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $107,000,000
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Management_
Purchasin
Chief
2(2a/o8
r
Dept. Director
City Manager
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