A representative of the group lobbying Miami-Dade County for the right to build a professional soccer stadium on Miami’s Dodge Island on Wednesday extended and clarified its commitment not to seek municipal funds.
Land use attorney Neisen Kasdin, who is the Miami managing partner at Akerman, told the Daily Business Review that his client, Miami Beckham United, would not seek direct subsidies from the county or city to fund stadium construction or ask the municipal bodies to serve as guarantors on any financing needed to build the stadium—a strategy popular in arena financing deals. He also asserted his client would not seek operational subsidies to run the team once the stadium is built.
