Jul 8th, 2018
David Beckham targets golf course
For new home of Major League Soccer franchise
David Beckham will appear before the Miami city commission next week as seeks to secure a location for his Major League Soccer franchise.
The group that Beckham is leading wants to build a 28,000-seat stadium on the site of Melreese Country Club, which is a publicly owned course.
With the approval of the commissioners, the next part of the process would be a public vote on November 6th to change the city's charter and allow them to lease 73 acres at the Melreese site to the group.
The deal that Beckham is fronting up will enable the city to collect up to $140 million in rent payments over 39 years, with $3.5 million paid annually.
Beckham's group would then pay an a further $20 million over 30 years to support the development of a 58-acre park on the site.
Beckham's has spent over five-years trying to bring Major League Soccer back to Miami, but it looks like it will be at the expense of a public golf course.