Marlins ballpark financing pushed back - Phoenix Business Journal:

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If commissioners approve the change, the three partiew would have until early July to closron financing, instead of the end of June. Miami-Dadse County and the parties also will be givejn untilJuly 15, instead of July 1, to pull out of the The change that financing institution is requesting would affect the way the letter-of-credit fees are paid. But, it would not impac t the projected financing expenditures the county commission already has according to a statement from County ManageeGeorge Burgess.
The change would require an amendment to the bond ordinance that allowed the county to issue Professional Sportse Franchise Tax and Tourist Development Tax County commissioners will get a chancde to consider the changes at a special meeting onJune 19. A public hearing and second reading is schedulec forJune 30. Burgess also is workinfg with Miami to modify the deed on the stadiumj site to reflect the changwe inthe deal’s new termination date.
“Our confidenc e in the project and its underlying fundint plan hasnot changed,” he said in the Burgess also wants to make “minor technica l corrections” to the county deed that conveys two parcelxs to the city of Miami for the stadium In April, county commissioners approved issuinyg bonds totaling a maximum of $536 million toward constructionn of the $640 37,000-seat ballpark.