Florida Gov. Signs Bill To Help Pro Sports Teams
TALLAHASSEE (CBSMiami/AP) — New Florida stadiums, those needing an upgrade, or those that haven’t even been built yet may get taxpayer help under a new bill signed by Governor Rick Scott on Friday.
The bill will help professional sports organizations pay for proposed projects ranging from a professional soccer stadium in Miami to the renovation of Daytona International Speedway.
The new law (HB 7095) would establish a pool of $13 million in taxpayer-supported subsidies that could be spent each year, with no team receiving more than $3 million a year. The projects must be cost a minimum of $100 million to qualify for the help.
The new law also would require Major League Baseball to change its policy on Cuban players if the Marlins and Rays want a share of the state money set aside for stadiums.
(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 This material may not be published, broadcast, rewritten, or redistributed.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.)