MIAMI ā Miami has released Team Beckham'sĀ revised terms to build a build a billion-dollar soccer complex at MelreeseĀ County Club in response to concerns from city commissioners and residents.
The ownership group, which includes former soccer star David Beckham and businessman Jorge Mas,Ā sought last week to get approvalĀ from the Miami City Commission to have voters sign off on the plan to build a soccer stadium, offices and an entertainment complex. However, the commission delayed the vote until Wednesday, saying thatĀ more details were needed before moving ahead with the referendum.
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The group willĀ now guaranteeĀ Miami $3.5 million in annual rent, though paying the greater of either fair market value or fiveĀ percentĀ of the rental revenue from future business tenants at the complex.
Commissioners wanted revenue sharing andĀ this seems to be the response.
The revised plan calls for no city funding. It wasĀ one of the big selling points in the original plan, butĀ now the ownership group pledges it will cover theĀ still-undetermined costs to clean toxic waste of an old dump under the golf course. ExpectĀ opponents to question these details when the commission takes up the proposal Wednesday.
The new terms also commit to accommodating the First Tee charitable program for thousands of children,Ā but it also hints at terminating the contracts of those operating Melreese for decades.