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.
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...
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Via Billy Corben, Tiffany Woods