TALLAHASSEE (CBSMiami/NSF) – Daytona International Speedway and the Miami Dolphins, both unsuccessful in getting money out of Florida lawmakers in recent years, were the first to sign up for the state’s new stadium-funding process.
An application is also expected from Jacksonville seeking to recoup some of the $100 million the city and the Jacksonville Jaguars are using for improvements to the city-owned EverBank Field.
The deadline to apply for the new annual funding process is Saturday.
The process was created by lawmakers this spring in an attempt to reduce lobbying for stadium subsidies by setting up a business incentive program.
The new law (HB 7095) requires the Department of Economic Opportunity to evaluate each application within 60 days and by Feb. 1 provide the Legislature with a list that ranks the applications based upon economic viability.
In signing the bill into law in June…
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