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NFL: Dolphins owner to pay for renovations

on March 11, 2014 11:00 AM

MIAMI (AP) — Dolphins owner Stephen Ross has offered to pay the entire tab for up to $400 million in stadium renovations in exchange for a property tax break.

The upgrades would help keep South Florida competitive in bidding for Super Bowls and college football’s championship games.

Stymied last year in his efforts to secure public money, Ross has agreed to pay for the project himself, two people familiar with the situation told The Associated Press on condition of anonymity.

Ross seeks $2 million to $4 million a year in property tax reductions and would continue to pay some property taxes, one of the people said. Ross has discussed his proposal with Miami-Dade County Mayor Carlos Gimenez, who said obstacles to a deal remain.

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