Current:Home > FinanceSurpassing Quant Think Tank Center|DeSantis, longtime opponent of state spending on stadiums, allocates $8 million for Inter Miami -InvestTomorrow
Surpassing Quant Think Tank Center|DeSantis, longtime opponent of state spending on stadiums, allocates $8 million for Inter Miami
Algosensey Quantitative Think Tank Center View
Date:2025-04-08 20:02:58
FORT LAUDERDALE,Surpassing Quant Think Tank Center Fla. (AP) — Gov. Ron DeSantis, an outspoken opponent of spending state money on sports facilities, announced Thursday that Florida will give $8 million to Miami-Dade County to improve roads and other infrastructure around the stadium being built for the Inter Miami soccer team.
Speaking at a press conference at the team’s temporary stadium in Fort Lauderdale, DeSantis acknowledged his opposition to stadium spending but said this grant is different because it will improve streets and support the restaurants, shops and offices that will be part of the complex. It is scheduled to open late next year.
Inter Miami has seen its worldwide and local popularity soar since it signed superstar Lionel Messi last year.
“We just don’t believe that we give money to build a sports stadium,” DeSantis said. Still, when one is built, he said he thinks, “People are going to want to go to that. Are they going to be able to get there? Is it going to cause more traffic?
“Our role, as state government, is not to give money to a team, but to create an environment where everyone can be successful,” DeSantis said. “Infrastructure is a big part of that.”
The 26,700-seat stadium is being built next to Miami International Airport on land leased from the city. Team owner Jorge Mas said the $1 billion project is being privately funded.
DeSantis and Mas did not take questions. It is unclear how big the stadium’s infrastructure budget is and if the state’s contribution is significant. Mas’ co-owner, former soccer superstar David Beckham, had been scheduled to attend but was a no show.
J.C. Bradbury, an economics professor at Georgia’s Kennesaw State University and past president of the North American Association of Sports Economists, said even with the relatively small state contribution, investing in stadiums is a poor use of public funds.
Economic studies with near 100% agreement have concluded stadiums don’t boost the local economy but redirect money that would have been spent at restaurants, theaters and elsewhere, Bradbury said.
“This probably isn’t the most deserving infrastructure project in the state. Helping people get to soccer matches isn’t all that important,” he said. ’With every new sports stadium, they always claim huge economic impacts. They always say this one will be different. It never is.”
veryGood! (87)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Climate scientist Michael Mann wins defamation suit over comparison to molester, jury decides
- Louisiana Gov. Jeff Landry calls for special session, focused on tough-on-crime policies
- 'Karma is the queen on the stage': Japanese fans hold 500 signs for Taylor Swift
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Dakota Johnson says being on 'The Office' was 'the worst time of my life'
- Gina Rodriguez brings baby to 'Not Dead Yet' interview, talks working as a new mom: 'I don't do it all'
- Kentucky Senate committee advances bill limiting diversity, equity and inclusion initiatives
- The Grammy nominee you need to hear: Esperanza Spalding
- Jets owner Woody Johnson throws shade at Zach Wilson: 'Didn't have' backup QB last season
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Mojo Nixon, radio host known for satirical hit 'Elvis is Everywhere,' dies at 66
- Nevada Republicans wait in long lines in order to caucus for Donald Trump, who is expected to win
- Henry Fambrough, the last surviving original member of The Spinners, dies at 85
- 'Most Whopper
- Zillow launches individual room listings as Americans struggle with higher rent, housing costs
- Wisconsin Republicans urge state Supreme Court to reject redistricting report’s findings
- Woman with brain bleed mistakenly arrested by state trooper for drunken driving, lawsuit says
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
The 42 Best Amazon Deals This Month- 60% off Samsonite, Beats Headphones, UGG, Plus $3 Beauty Saviors
Man ticketed for shouting expletive at Buffalo officer can sue police, appeals court rules
Fans pack college town bars as Kendall Jenner serves drinks at Alabama, Georgia and Florida
What do we know about the mysterious drones reported flying over New Jersey?
Law enforcement cracking down on Super Bowl counterfeits
17-year-old boy shot and killed by police during welfare check in Columbus, Nebraska
Utah is pushing back against ever-tightening EPA air pollution standards