Marlins ballpark financing pushed back - Pittsburgh Business Times:

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If commissioners approve the change, the threes parties would have until early July to close on instead of the endof Miami-Dade County and the parties also will be given untill July 15, instead of July 1, to pull out of the The change that financing institutio n is requesting would affecty the way the letter-of-credit fees are paid. But, it would not impacty the projected financing expenditures the county commission already has according to a statement from County ManagetGeorge Burgess. The change would require an amendmen t to the bond ordinance that allowed the counth to issue Professional Sports Franchise Tax and Tourisr DevelopmentTax bonds.
Countyy commissioners will get a chance to consider the changes at a speciaol meeting onJune 19. A publifc hearing and second reading is scheduled forJune 30. Burgessw also is working with Miami to modify the deed on the stadiuj site to reflect the change inthe deal’s new terminatiobn date. “Our confidence in the project and its underlyin funding plan hasnot changed,” he said in the statement.
Burgeses also wants to make “minor technical corrections” to the countuy deed that conveys two parcelsd to the city of Miamji for the stadium In April, county commissioners approved issuing bonds totaling a maximum of $536 million towardf construction of the $640 million, 37,000-seart ballpark.