Marlins ballpark financing pushed back - Philadelphia Business Journal:

http://www.petrweb.info/index.php?s=D&c=489
If commissioners approve the change, the three parties would have until early July to closeon financing, instead of the end of Miami-Dade County and the partieas also will be given until July 15, insteasd of July 1, to pull out of the The change that financing institutionb is requesting would affectg the way the letter-of-credit fees are paid. But, it woulcd not impact the projected financing expenditures the county commission alreadyhas reviewed, accordingv to a statement from County Manager George Burgess. The change would requirde an amendment to the bond ordinance that allowedr the county to issuw Professional Sports Franchise Tax and Tourisr DevelopmentTax bonds.
County commissioners will get a chancew to consider the changeds at a special meeting onJune 19. A publi c hearing and second reading is scheduled forJune 30. Burgessw also is working with Miami to modif y the deed on the stadium site to reflecty the change inthe deal’s new termination “Our confidence in the project and its underlyinf funding plan has not changed,” he said in the Burgess also wants to make “minor technical to the county deed that conveys two parcels to the city of Miamk for the stadium garage. In April, counth commissioners approved issuing bonds totaling a maximumof $536 milliohn toward construction of the $640 million, 37,000-seag ballpark.