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Fla. Legislature Passes Bill To Aid Sport Projects

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(Source: CBS4)

(Source: CBS4)

Legislative Session Coverage

TALLAHASSEE (CBSMiami/AP) –A new door could open for sports entities looking to build a stadium or upgrade current facilities in Florida.

The legislature passed a bill Friday which would give them  sales tax rebates.

The fund could help pay for a number of proposed projects, from a professional soccer stadium in Miami to the renovation of Daytona International Speedway.

The Marlins opened a new stadium last year.

The Rays have been discussing the idea of building a new stadium to replace the downtown St. Petersburg dome they play in now.

The bill (HB 7095) would establish a pool of $13 million that could be spent each year, with no team or project receiving more than $3 million a year. The projects must be cost a minimum of $100 million to qualify for the rebate.

The bill awaits the signature of Gov. Rick Scott.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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