The free agency period as been hectic even if Miami has been lukewarm with their approach. Lost in that shuffle to some, not all, was a report last week that Stephen Ross has now said he is willing to flip the entire bill for the stadium renovations. The same renovations that earlier he was trying to get public money for…half of the money for.
This time around he is trying to get his tax off the books. Ross currently pays about three to four million in taxes on the stadium that sits in Miami Gardens. Ross wants the land turned back over to the city where the tax burden would no longer fall on his shoulders. Seems on first site that it’s a fair deal. Both the Marlins and Heat do not pay taxes on their arena’s. However the money that the Dolphins do pay helps fund the local education system.
So if Ross gets his wish, he won’t have to pay the taxes of 4 million annually while the education system loses an annual tax contributor. Seems silly to argue over four million a year.
Ross however is making it known that barring a tax break, the Dolphins could move out of Miami. Ross said that when he decides to sell the team the new owner would likely move the team somewhere else unless the stadium was renovated enough to entice the NFL to give the city future Super Bowl considerations.
To be honest it’s all a bit confusing and frankly if Ross is willing to pay 400 million for stadium upgrades and nine million for Branden Albert each year then surely he can afford to pay 3-4 million to education taxes. Maybe he should have the tax lifted and then make annual donations to the area schools in the amounts of 3 million. Problem solved and he can write it off.
The threat comes across with the same bravado that former CEO Mike Dee embellished the locals with when he was trying to win over the state congressional house.