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Thursday, March 19, 2009
The Loria Death ClauseOne of the two big votes on the Marlins' ballpark is set for today, and there's a lot of last minute pot-sweetening:
On the eve of the most important public vote in franchise history, the Florida Marlins agreed to crucial contract changes the team hopes will help secure its elusive permanent home in South Florida.
I suppose this is to be expected. This part of the deal, however, is simply odd:
And Miami Commissioner Marc Sarnoff, who jump-started the stadium chess match last month with a set of demands that delayed the final votes until now, said he hasn't made up his mind -- even as the Marlins' concessions appear aimed at appeasing him.
Look, I'm against all of this, but even if you're not, can someone explain to me why on Earth Miami taxpayers should be penalized in order to make life easier for the heirs of a billionaire? What possible business justification is there for this provision?
Posted by Craig Calcaterra at 7:45am
Matt M said...
Sounds like someone’s so cash-strapped his heirs will have to sell the team to pay the inheritance tax.
Posted 03/19 at 08:00 AM
Eric J said...
Maybe it’s in there so that sensible taxpayers won’t be tempted to off Loria…
Posted 03/19 at 08:06 AM
Richard Dansky said...
That’s the “off Loria and your taxes go up” clause.
Posted 03/20 at 12:00 AM
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