Beckham Hopes To Complete Stadium One Year Early After Getting Approval To Buy Land

Miami-Dade’s commission approved a deal yesterday to sell land needed by David Beckham to build a soccer stadium.

The 3-acre water and sewer land will be sold for $9 million.

The group now hopes to open the stadium in 2020 – one year earlier than they said at a community meeting a few weeks ago. Zoning and street closure approval will come in 2018, and construction will take two years.

The stadium is now said to cost $220 million to construct. The group is also spending $25 million on a training facility, $28 million on land for the stadium, and another $25 million franchise fee to MLS.

Possible sites for the training facility include Doral, West Kendall, Barry University and FIU North campus, according to the Herald.

County concessions include Dade covering hundreds of thousands in doc taxes, and $600,000 in cleanup costs. In addition, the county will wait 17 months for the first $5 million payment (with a $1.3 million deposit), and is lending Beckham the remaining $4 million for four years at a 5 percent interest rate.