MIAMI -

A person familiar with the situation says Miami Dolphins owner Stephen Ross is set to announce he's going to pay for up to $400 million in renovations to the team's stadium, which will help keep South Florida competitive in bidding for Super Bowls and college football's championship games.

The person spoke to The Associated Press on condition of anonymity Monday because Ross hasn't spoken publicly about his plan. The person said Ross is talking with Miami-Dade County Mayor Carlos Gimenez about the plan.

The person said Ross has decided to pay for the work himself because Super Bowl applications are due in August and he wants to get the process started. Renovations will include a canopy to shade seats that are now exposed.

Mayor Carlos A. Gimenez released a statement regarding Sun Life Stadium renovations:

"Miami-Dade County is known as a 'big-ticket' event destination; including having hosted ten Super Bowls. The economic impact of these events cannot be overstated, and therefore we always want to remain competitive as a host for the Super Bowl and other such events. I have met with Dolphins owner Stephen Ross and we agree that unless renovations are made to Sun Life Stadium, Miami-Dade County will lose the opportunity to host another Super Bowl. Mr. Ross’ proposal is better than last year’s. However, there are still hurdles that the Dolphins organization must overcome before I feel comfortable with the proposal. Throughout this process, we will continue to seek ways to enhance our competitiveness while protecting the interests of our community."