clock menu more-arrow no yes

Filed under:

Miami commissioner gives David Beckham’s stadium deal the green light

Few hurdles remain

A rendering of David Beckham’s MLS Miami stadium concept in Overtown
A rendering of David Beckham’s MLS Miami stadium concept in Overtown
Populous

Miami-Dade County commissioner Audrey Edmonson has given David Beckham’s Overtown stadium deal the green light by sponsoring the legislation that’d allow the county to sell Beckham the final three-acres needed to build his 25,000-seat MLS stadium (with no parking), according to the Miami Herald.

The $9 million deal goes before the commission on June 6 but the blessing of Edmonson, who represents Overtown, was seen as one of the last major political hurdles.

Beckham’s price of MLS admission has been relatively cheap. He originally purchased six adjacent acres from a private owner last year for $19 million and the MLS franchise fee, which is up to $150 million, cost Beckham a heavily discounted $20 million because of a clause in his original contract with the Los Angeles Galaxy (for which Forbes estimates he made $250 million over six years while boosting MLS in its infancy stages).

The stadium is expected to cost $500 million—peanuts to newly added investor (and billionaire) Todd Boehly. Remaining on Miami Beckham United’s plate is required approval from the city of Miami to construct the stadium and MLS approval.