April 23, 2010

Miami audit no longer threatens Marlins stadium opening

So much for that SEC audit that was holding up the sale of bonds for the Florida Marlins parking garages: It was wrapped up late Wednesday. That means that Miami can move ahead with selling garage bonds now, and then get on with construction.

Whether the Marlins' stadium will be ready on time is still an open question: The Miami Herald notes that garage construction time estimates range from 18 to 24 months, which means "Miami will have to scramble to meet the deadline."

Since the city is on the hook for cost overruns, and there have already been a bunch of those, it's definitely worth worrying about rush charges right about now.