As the Dolphins and their owner try to finagle $167 million in public money to help fund $389 million in stadium renovations, the Dolphins have made another concession.
They’ll pay back the principal. In 2043.The Dolphins also have offered to pay for the costs of the proposed public referendum on the proposal, to condition final approval on the stadium landing one of the next two Super Bowls to be awarded in May, to commit to remaining in Miami for 30 years, and to pay up to $100 million in penalties if the stadium fails to attract Super Bowls, BCS games, international soccer matches, and similar events over the next 30 years.
Even then, it will still be a challenge for a team whose owner is worth $4.4 billion to shake $167 million from the public orange tree.