Skip to main content
  1. News
  2. Politics
  3. Government

Florida Senate adds kicker to stadium subsidies bill

See also

The Florida Senate Appropriations Committee has added a "sweetness" to a bill in the state legislature that will allow more sports stadiums in the state receive tax subsidies from the state.

The Senate committee made revisions to Senate Bill 1216 that will allow projects that are already off the ground to be the first in line to receive tax subsidies. The change requires that projects started after July 1 will be able to compete for $6 million in annual incentives and as a bonus, those projects will not have to come back in front of the state legislature for approval in 2015.

The move is seen as welcomed news to Central Florida projects, which were searching for more money to help finance new stadium projects.

If the bill passes the legislature, Orlando, along with Miami, would receive the subsidies needed to kick-start financing for new stadiums that will house professional soccer teams.

The tax-savings are a critical part of the city's $85 million Major League Soccer stadium deal, in which it would secure a sales-tax rebate

Officials in Daytona Beach were looking for help from the state to steer money into the Daytona Rising development, an expansion of the Daytona International Speedway.

Advertisement

News

  •  Day 17
    Israel continues their ravaging bombardment on Gaza as the conflict wages on
    Video
    Video
  • MH17 victims arrive home
    40 bodies of the MH17 plane crash return to a somber homecoming in Holland
    Top News
  • Military advisers to Ukraine
    President Obama announces the deployment of military advisers to Ukraine
    Politics
  • Bubonic plague in China
    A bubonic plague outbreak in Yumen prompts China to quarantine the city
    World News
  • Air Algierie disappearance
    A flight headed from Burkina Faso to Algeria disappears from radar over Mali
    Headlines
  • Windows Phone training portal
    Microsoft launches Windows Phone training portal in attempt to woo consumers
    Tech