Marlins Park to eventually cost Miami taxpayers $1.2 billion

73 Comments

The Miami Herald takes a look at the bonds that paid for Marlins Park and reveals their true cost to Miami taxpayers:

Miami-Dade borrowed about $400 million in that deal by selling bonds on Wall Street. During the commission discussion on the Dolphins plan, Mayor Carlos Gimenez mentioned one set of stadium bonds worth about $90 million would cost more than $1 billion to pay back. We at the ETM thought: Can that be true? The answer: yes.

Click through to read the gory details. Then never, ever believe a politician who claims that it’s a good idea to invest public dollars in a stadium project again.

Brewers-Pirates game postponed

Justin Berl/Getty Images
2 Comments

Update: The makeup date has been scheduled for Saturday, July 14 as part of a traditional doubleheader, the Pirates announced.

*

Wednesday night’s game at PNC Park between the Brewers and Pirates has been postponed, Bill Brink of the Pittsburgh Post-Gazette reports.

Brent Suter and Chad Kuhl were scheduled to square off on the mound. Their starts will likely be pushed back to Thursday. The Pirates will host the Diamondbacks and the Brewers will host the Cardinals.

The Cubs won on Wednesday afternoon, so the Brewers are tied with the Cubs for first place in the NL Central. The Pirates are seven games back in fourth place.