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Why is Miami-Dade County paying back $1.2B on a $91M Marlins stadium loan? A.Baseball franchises are inherently risky properties, and as such municipalities often get
Why is Miami-Dade County paying back $1.2B on a $91M Marlins stadium loan?
A.Baseball franchises are inherently risky properties, and as such municipalities often get charged exorbitantly high interest rates on stadium financing packages.
B.They took out the debt during the financial crisis and couldn't afford to start payments on it right away.
C.Miami-Dade chose to start paying down the stadium bonds faster, which resulted in higher interest rates being placed on the remaining debt.
D.None of the above
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