Imagine if you had $400 million to offer up just so you're friends would let you host the year's biggest party at your house.
That's the amount of money that Miami Dolphins owner Stephen Ross has offered out of his own pocket to renovate Sun Life Stadium, the home of his Dolphins, in order to attract the Super Bowl back to the city where it has been held most often.
The last time Miami was selected to host the big game was Super Bowl XLIV in February 2010, and has unsuccessfully bid for every Super Bowl played and currently scheduled through Super Bowl LI, since Super Bowl XLVII.
The NFL has finally gotten its wish, and Ross finally got the hint.
Beginning with 46th Super Bowl, and through the 52nd game, for which the finalists have already been announced, each game will be, or was played at a stadium built in 2002 or later, with the exception of 2013 in New Orleans, when the Superdome underwent a $320 million over haul, following Hurricane Katrina.
The NFL likes showing off its shiny new toys and wanted Miami to get on board.
Stephen Ross is bringing Miami back to the forefront of the league's showcase event, and despite the fact that the tax payers in South Florida, and the Florida State Legislature did not want to spend the money, they'll reap the rewards.
This past February, the Super Bowl generated an estimated $600 million local economic footprint in the New York area, something that having hosted a league record 10-times, the Miami-area can surely appreciate.
Ross is offering the deal on the premise that Miami-Dade county will take over control of the stadium so that he no longer would have to pay property taxes on the stadium or its surrounding land.
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