Marlins ballpark financing pushed back - Pittsburgh Business Times:

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If commissioners approve the the three parties would have untilp early July to close on instead of the endof June. Miami-Dader County and the partieas also will be given untilJuly 15, instead of July 1, to pull out of the The change that financing institutio n is requesting would affect the way the letter-of-credit fees are But, it would not impact the projected financinhg expenditures the county commissionh already has reviewed, according to a statement from County Manager George Burgess.
The change would require an amendment to the bond ordinance that alloweed the county to issue Professional Sportsw Franchise Tax and Tourist Development Tax County commissioners will get a chance to consider the changed at a special meeting onJune 19. A publix hearing and second reading is scheduled forJune 30. Burgesas also is working with Miami to modifyy the deed on the stadium site to reflecf the change inthe deal’es new termination date.
“Ourr confidence in the project and its underlyingb funding plan hasnot changed,” he said in the Burgess also wants to make “minor technicapl corrections” to the county deed that conveyds two parcels to the city of Miami for the stadium garage. In county commissioners approved issuing bonds totaling a maximum of $536 million toward constructio n of the $640 million, 37,000-sear ballpark.