Saturday, February 3, 2018

Predictable - Marlins edition

The city/county are on the hook for nearly $2bn for the stadium they built for the Marlins (in real dollars, given the time value of the loan).  They had a deal with the Marlins to share in some profits. 

Selling the team within a 10-year span was supposed to trigger additional income to help with the debt.  But predictably, Luria and his cadre of lawyers found a loophole to not have to contribute to it.

So we south Floridians remain on the hook for it.  Aren't we lucky?

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