6/12/14

Miami rejects David Beckham's soccer stadium site

The city of Miami (Florida) has rejected David Beckham's plan to build a soccer stadium on the city waterfront. The city officials determined that the proposed location next to the Miami Heat arena was inappropriate. 

Beck's business group, Beckham Miami United, will continue to pursue alternative locations since is required to finalize a stadium deal before it can win approval from MLS to open a franchise. Scrutiny of the deal rose sharply after the city provided $500m in public funding to build a new stadium for the Miami Marlins (the city's baseball team).

Beckham Miami United has agreed to finance a $250m stadium - expected to seat an estimated 20,000 spectators - and pay rent on the publicly owned land. His partners in the endeavor include TV entrepreneur Simon Fuller and phone services billionaire Marcelo Claure.

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