Economic impact of building a ballpark in Miami

During the development period, the Florida Marlins project that $515 million will be expended to construct the proposed ballpark, an estimated $94 million to construct a parking garage, and an additional amount to construct associated public infrastructure. This creates a total of at least $609 million in direct construction expenditures. Of this total, approximately $457 million will be spent locally to purchase goods and services and provide labor necessary for construction.

These construction expenditures also will create indirect and induced spending that will further benefit the local Miami community. Based on the estimated construction expenditures, the ballpark will:

• Create 7,781 person years of employment (based on one person employed for one year)
• Result in approximately $341 million of income for Miami area workers during construction period
• Generate $24 million of fiscal revenues (taxes and fees) for state and local governments
• Create a total economic output of $815 million for Miami

Economic impact of operating the new ballpark in Miami

Once the ballpark is completed and the Marlins are playing in the new facility, non-local visitor expenditures and other activities occurring in the stadium will produce significant economic benefits for the Miami economy on an on-going basis. These activities are projected to:

• Support 2,708 permanent jobs
• Result in $140 million of income for Miami area workers each year
• Generate $24 million of fiscal revenues (taxes and fees) for state and local governments
• Create a total economic output of $299 million each year

During the first five years of operation, the new Ballpark also is expected to host at least two Major League Baseball “Jewel Events,” namely an All-Star game and one of the major rounds of the World Baseball Classic.

If Miami is selected to host the Major League All-Star Game and/or the World Baseball Classic, many out-of-town visitors will be drawn to Miami for these events, and the city will receive significant amounts of favorable media exposure.

Additionally, if the Marlins capture the National League Championship, then Miami would host the Marlins’ home game portions of the World Series. Based on the experiences of markets similar to Miami that have hosted these types of Jewel Events, it is likely that Miami would receive an economic impact in at least the $50 to $60 million range when hosting any such Jewel Events.