The Tax Shift

[TheMercenary]

Originally Posted by HungLikeJesus

But who paid for his stadium? I'm sure he was happy to accept public funds for that.

Good question. But he is not pulling the team, just his half of the ownership. I am sure there was a bond floated for the property and they get some kind of tax break. But then again who benefits from 60,000 (74,916 seating capacity) people coming to town to see the game besides the obvious people.

And I guess these guys get something out of it:

"The Dolphin Stadium Foundation is a non-profit foundation established in 1995 and is dedicated to the support of non-profit, charitable organizations, which place emphasis upon youth-related programs, academics, and drug-intervention and prevention programs."


According to their website it cost $115 million to build and was financed by private funds, through lease of executive suites and club seats. And I am sure other sponsorships and advertising.