SPORTS

Miami Chamber: Raise hotel taxes to fund Sun Life Stadium renovation

 

Business group endorses Dolphins’ financing plan for Sun Life, says facility means about $1 billion a year to Miami-Dade.

WEB VOTE The Greater Miami Chamber of Commerce’s board has endorsed increasing the hotel bed tax by a penny as well as an annual $3 million sales tax rebate for the Miami Dolphins — both sources of public money to renovate their stadium. Do you agree?

dhanks@MiamiHerald.com

The Greater Miami Chamber of Commerce wants to increase hotel taxes to help pay for a $400 million renovation at Sun Life Stadium.

The business group’s board on Wednesday endorsed the Miami Dolphins’ financing plan for their home stadium, saying the upgrade will be good for the county’s economy. The Dolphins want an annual $3 million state subsidy and millions of dollars in Miami-Dade hotel taxes each year to fund the biggest renovation in the stadium’s history, including a partial canopy to shield spectators from the sun and rain.

Under the plan, Miami-Dade would increase mainland hotel taxes to 7 percent from 6 percent, making them the highest in Florida. Miami Beach is also expected to raise its hotel tax to 7 percent to fund improvements of the city’s convention center.

By raising mainland hotel taxes to 7 percent, Miami-Dade would generate at least an extra $9 million a year. The Dolphins-written state bill allowing the change would permit Miami-Dade to give the team that new tax money as an operating subsidy each year. Dolphins owner Stephen Ross has proposed using private dollars, likely a mix of team and NFL funds, to pay for $201 million of the $400 million renovation, with state and county dollars making up the difference.

The Chamber resolution adds the Dolphins bill to the group’s legislative priorities, meaning Chamber leaders will urge lawmakers to pass the bill.

Sun Life is vying with the new $1 billion stadium in the San Francisco area for the 2016 Super Bowl, and the Chamber’s resolution endorsing the higher taxes cites the economic value of winning that game. A Chamber study funded by the Dolphins concluded that the Dolphins and Sun Life generate about $1 billion a year to South Florida’s economy. Citying the study, the resolution said the stadium renovation would create 4,000 construction jobs and pump an additional $2 billion into Miami-Dade’s economy over 15 years, .

The Dolphins and some of their stadium tentants and partners —including the Orange Bowl— donated to the economic report on Sun Life, team and Chamber executives said. Comcast, a major NFL broadcaster, also helped sponsor the study, a Chamber spokeswoman said.

Read more Miami-Dade stories from the Miami Herald

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category