AIRLINK 72.18 Increased By ▲ 0.49 (0.68%)
BOP 4.93 Decreased By ▼ -0.07 (-1.4%)
CNERGY 4.35 Decreased By ▼ -0.04 (-0.91%)
DFML 28.49 Decreased By ▼ -0.06 (-0.21%)
DGKC 81.30 Decreased By ▼ -1.10 (-1.33%)
FCCL 21.50 Decreased By ▼ -0.45 (-2.05%)
FFBL 33.05 Decreased By ▼ -1.10 (-3.22%)
FFL 9.86 Decreased By ▼ -0.22 (-2.18%)
GGL 10.48 Increased By ▲ 0.36 (3.56%)
HBL 114.00 Increased By ▲ 1.00 (0.88%)
HUBC 140.00 Decreased By ▼ -0.50 (-0.36%)
HUMNL 9.03 Increased By ▲ 1.00 (12.45%)
KEL 4.73 Increased By ▲ 0.35 (7.99%)
KOSM 4.38 Decreased By ▼ -0.12 (-2.67%)
MLCF 37.65 Decreased By ▼ -0.36 (-0.95%)
OGDC 133.70 Decreased By ▼ -0.99 (-0.74%)
PAEL 25.60 Decreased By ▼ -1.02 (-3.83%)
PIAA 23.98 Decreased By ▼ -1.42 (-5.59%)
PIBTL 6.48 Decreased By ▼ -0.07 (-1.07%)
PPL 122.62 Increased By ▲ 0.67 (0.55%)
PRL 27.07 Decreased By ▼ -0.66 (-2.38%)
PTC 13.60 Decreased By ▼ -0.20 (-1.45%)
SEARL 56.62 Increased By ▲ 1.73 (3.15%)
SNGP 69.24 Decreased By ▼ -0.46 (-0.66%)
SSGC 10.34 Decreased By ▼ -0.06 (-0.58%)
TELE 8.45 Decreased By ▼ -0.05 (-0.59%)
TPLP 11.28 Increased By ▲ 0.33 (3.01%)
TRG 61.21 Increased By ▲ 0.31 (0.51%)
UNITY 25.33 Increased By ▲ 0.11 (0.44%)
WTL 1.50 Increased By ▲ 0.22 (17.19%)
BR100 7,630 Decreased By -8.3 (-0.11%)
BR30 24,990 Increased By 18.4 (0.07%)
KSE100 72,602 Decreased By -159.4 (-0.22%)
KSE30 23,539 Decreased By -86.6 (-0.37%)

MIAMI: David Beckham’s dream of building a new $1 billion home for his Inter Miami Major League Soccer franchise cleared a major hurdle on Thursday after years of uncertainty and fierce public opposition.

Inter Miami, which is co-owned by the former England captain, have played their first three MLS campaigns in Fort Lauderdale at DRV PNK Stadium, around 30 miles north of Miami.

But after a meeting at Miami City Hall, the club earned the requisite votes from the five commissioners to lease land at Melreese Country Club near Miami international airport to build a new 25,000-seater stadium, due to be ready in 2025.

There was drama towards the conclusion of a six-hour hearing when Miami commissioner Ken Russell voted against the deal only to change his mind after a 30-minute break to ensure a 4-1 triumph amid jubilant scenes involving Inter Miami officials. The golf course at Melreese, the only public one in the city, will now begin to be converted into the stadium complex which will be called Miami Freedom Park.

It will include a state-of-the-art multi-use stadium, a 750-room hotel, technology hub, one million square feet of office space and a 58-acre park with soccer pitches for public use. Political infighting had halted the deal with it being branded a “real estate deal with a soccer stadium” by opponents.

But Jorge Mas, the Miami born construction magnate who is effectively Beckham’s right-hand man, could barely contain his delight.

“It’s a once-in-a-lifetime opportunity, a phenomenal deal for Miami,” said Mas, 59. “This is a legacy project. This is an amazing day.” Co-owner Mas spoke passionately at the start of the hearing about the project which has been six years in the making and has encountered myriad problems since its conception.

Inter Miami purchased a plot of land in Overtown, a dilapidated downtown area, in 2015 but Mas has always pushed for a far more lucrative development which they hope will create a Silicon Valley-type environment in South Florida. Mas said the importance of being allowed to create the $1 billion complex which he said would help create around 15,000 jobs.

Inter Miami stress Freedom Park is ‘100% privately financed’ and Mas made the point that in both Tennessee and Buffalo, where new NFL stadiums are being planned, funding will come from the public purse.

Comments

Comments are closed.