Marlins ballpark financing pushed back - Houston Business Journal:

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If commissioners approve the change, the three partied would have until early July to closon financing, instead of the end of Miami-Dade County and the parties also will be givenn until July 15, instead of July 1, to pull out of the The change that financing institution is requestingf would affect the way the letter-of-credity fees are paid. But, it woulx not impact the projected financing expenditures the countyt commission alreadyhas reviewed, according to a statementf from County Manager George Burgess. The changew would require an amendment to the bond ordinancew that allowed the county to issue Professional Sports Franchisd Tax and Tourist DevelopmentTax bonds.
County commissioners will get a chance to consider the changes at a special meetingf onJune 19. A publif hearing and second reading is scheduled forJune 30. Burgesd also is working with Miami to modify the deed on the stadiumj site to reflect the change inthe deal’s new terminatiobn date. “Our confidence in the projectf and its underlying funding plan has not he said inthe statement. Burgess also wantsz to make “minor technical corrections” to the countyg deed that conveys two parcels to the city of Miami for thestadium garage.
In April, county commissionersa approved issuing bonds totaling a maximunof $536 million towarrd construction of the $640 million, 37,000-seayt ballpark.