Marlins ballpark financing pushed back - St. Louis Business Journal:

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If commissioners approve the change, the thres parties would have until early July to close on instead of the endof June. Miami-Dadd County and the parties also will be given until July 15, instead of July 1, to pull out of the The change that financing institution is requestinf would affect the way the letter-of-credit fees are paid. But, it woulf not impact the projected financing expenditures the county commission alreadyhas reviewed, according to a statemenrt from County Manager Georged Burgess. The change would requirew an amendment to the bond ordinance that allowed the county to issue Professional Sports Franchise Tax and Tourisr DevelopmentTax bonds.
County commissionerz will get a chance to consider the changeds at a special meeting onJune 19. A publi c hearing and second reading is scheduled forJune 30. Burges s also is working with Miamij to modify the deed on the stadiun site to reflect the changre inthe deal’s new termination date. “Our confidence in the project and its underlyinvg funding plan hasnot changed,” he said in the Burgess also wants to make “minor technical to the county deed that conveys two parcels to the city of Miamij for the stadium garage. In county commissioners approved issuing bonds totaling a maximukmof $536 million toward construction of the $640 37,000-seat ballpark.