Miami Dolphins owner Stephen Ross unveiled a plan to modernize Sun Life Stadium on Monday, and promising to personally cover the majority of the $400 million estimated cost of the project.
The rest would come from tax dollars, and that would likely need approval from both state and local lawmakers. However, Ross said that any public dollars for the project would not result in higher taxes for residents of Miami-Dade County.
Instead, the Dolphins are looking for a slightly higher hotel tax in the county, as well as a larger state sales-tax rebate. And in return for the deal, the Dolphins say the deal would keep them in South Florida through at least 2034, though stopped short of saying that not getting public money would jeopardize the franchise's future.
''There's only a limited amount of capital you can put into something,'' Ross said, when asked why the Dolphins aren't choosing to fund the entire project.
The Dolphins' hope is to keep the stadium an attractive destination for ...