Soccer Stadium a Modest Part of Money Flow for Beckham Plan

Dan Etna was quoted in the South Florida Business Journal, discussing David Beckham’s soccer stadium proposal in Miami. As the Miami City Commission will vote on whether or not to place a referendum on the November 6^th ballot to award a bid lease on the current property, understanding the implications of stadium development becomes crucial for decision-makers. Etna spoke to the logistics of privately financing stadium development, the recent trend of sports teams commercializing development around stadiums, and how the transaction would impact the city of Miami. He said, “city officials should strongly consider those jobs and the tax revenue against the value of a public golf course, but they also must determine whether the Beckham group is offering to pay fair-market rent.”