Sep 9, 2008 5:22 pm US/Eastern
Jeffrey Loria Statement On Pending Stadium Ruling
This is the statement from Florida Marlins Owner Jeffrey Loria, regarding the pending new stadium ruling:
"We welcome Judge Cohen's ruling, which confirms that our elected officials have made the right decision for the future of our community. It is unfortunate that so much time and so much of the public's money has been wasted in this legal process. It's time to get all of these projects, including the ballpark, back on track for the benefit of the people of Miami-Dade County.
This is a critical step in securing the long-term future of Major League Baseball in Miami. We will proceed immediately to finalize discussions with the County and the City to put in place all the long-awaited final agreements.
We look forward to the Marlins playing in the new ballpark for generations to come.
The new ballpark will provide approximately 2,000 jobs during the three-year construction cycle. It will be an economic boon to the County and the City and will provide a first-class venue not only for the Marlins, but also for the community as a whole.
We look forward to unveiling the detailed plans for the ballpark in the very near future.
We believe that the upcoming decision on the use of the Community Redevelopment funds does not impact the ballpark project. The financing for the stadium is coming from the Marlins, from the voter-approved GOB bond issue for the Orange Bowl site, and from tourist bed tax revenues. Since no CRA dollars are being used for the ballpark project, the remaining count in the lawsuit does not relate to the construction of the ballpark."
