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Tuesday, Mar 31, 2015

Legislature passes bill to aid stadium projects

The Associated Press

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TALLAHASSEE — The Florida Legislature has passed a bill that would give sales tax rebates to sports entities hoping to build new stadiums — such as the Tampa Bay Rays — or upgrade current facilities.

The Rays have been discussing the idea of building a new stadium to relocate from Tropicana Field in downtown St. Petersburg.

The fund could help pay for a number of proposed projects. The Miami Marlins opened a new baseball stadium last year. Other projects that could be considered for the rebate are a proposed professional soccer stadium in Miami and the renovation of Daytona International Speedway.

The bill (HB 7095) would establish a pool of $13 million that could be spent each year, with no team or project receiving more than $3 million a year. The projects must be cost a minimum of $100 million to qualify for the rebate.

The bill awaits the signature of Gov. Rick Scott.

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