Venue Detail
Florida Marlins
Revenues From Sports Venues Pro Facilities Report
January, 2010
Florida Marlins
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100 NE 3rd Ave Ft. Lauderdale, FL 33301-1176 Phone: 305-626-7400 Fax: 305-626-7428 URL: www.flamarlins.com Owner: Jeffrey Loria League: Major League Baseball National League, Eastern
Venue
Marlins Ballpark, Miami, FL Built: 2012 Capacity: 40,500
Ticket prices
Season tickets range from $547 to $14,994 Single tickets range from $12.00 to $93.00 2007 average attendance: 16,919 2008 average attendance: 16,688 2009 average attendance: 18,770
After years of struggle, the Florida Marlins finally reached a deal with Miami and Dade County for a new ballpark. The deal will cost the team its name because the agreement included the requirement that franchise be called the Miami Marlins. To make the transition, the team has begun referring to itself simply as the Marlins.
While construction is underway, the team will continue to play at Dolphin Stadium, which is also home to the NFL Dolphins. Information on that Venue can be found with the Dolphin’s listing.
The new ballpark will have 37,000 seats under a retractable roof, with about 60 suites and new parking facilities. The team hopes to take the field on Opening Day 2012.
The financial breakdown on the $634 million stadium plan is top-heavy for the county. Miami-Dade is on the hook for $297 million from tourist taxes, another $50 million from a separate bond referendum, and $12 million for road and utility repairs.
Miami pledged to spend $94 million on the parking structures, $13 million toward construction, and $12 million for other improvements.
Miami will also operate the garage and pay the yearly debt payment, though the Marlins have agreed to buy most of the expected 6,000 parking spaces at between $10 and $12 over the 35-year contract. The Marlins keep any profits made from selling those spots.
The Marlins will spend $120 million in the later years of construction, and pay the county back another $35 million of borrowed money.
If Loria sells the team during the first year of construction of the county-owned facility, the city and county split 70 percent of the profits. Those profits shrink until the 10th year, when any profit stays with the team.
All revenues, including naming rights, concession sales, and advertising go to the Marlins. (Facilities, Financial, MLBTeamNat, Professional Sports, Venue)