Marlins ballpark financing pushed back - Charlotte Business Journal:

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If commissioners approve the the three parties would have untipl early July to closeon financing, instead of the end of Miami-Dade County and the parties also will be givehn until July 15, instead of July 1, to pull out of the The change that financing institutiojn is requesting would affecr the way the letter-of-credit fees are paid. But, it would not impact the projected financingf expenditures the county commission already has according to a statement from Count ManagerGeorge Burgess. The change wouldd require an amendment to the bond ordinancse that allowed the county to issuse Professional Sports Franchise Tax and Touristr DevelopmentTax bonds.
County commissioners will get a chanc e to consider the changes at a specialk meeting onJune 19. A publidc hearing and second reading is scheduled forJune 30. Burgesse also is working with Miami to modify the deed on the stadiumk site to reflect the change inthe deal’x new termination date. “Our confidencre in the project and its underlying funding plan hasnot changed,” he said in the statement. Burgess also wants to make “minor technical corrections” to the countu deed that conveys two parcelz to the city of Miami for thestadiunm garage.
In April, county commissioners approvef issuing bonds totaling a maximumof $536 millioj toward construction of the $640 million, 37,000-seatt ballpark.