UPDATED at 9:01 p.m. with more information on Dolphins' critique of Norman Braman and government subsidies.
Norman Braman has reviewed the Miami Dolphins' latest offer, and he argues the concessions aren't worth as much as they seem. The culprit: inflation.
This week, a Dolphins proposal surfaced in which the team offers two new payments to Miami-Dade in exchange for using hotel taxes to help fund a nearly $400 million renovation of Sun Life Stadium. Both involve payments to Miami-Dade 30 years after the renovation starts.
For the first payout, the Dolphins will pay back Miami-Dade $120 million, the county's proposed share of the initial renovation costs. For the second, the Dolphins would pay penalties if promised sporting events didn't come to an upgraded Sun Life -- including $15 million per Super Bowl if the stadium falls short of a four-Super Bowl quota within 30 years.