• Loading stock data...
Thursday, January 16, 2025

David Beckham’s $1B Inter Miami Project Moves Forward

  • Construction on Miami Freedom Park has been cleared to begin.
  • The $1 billion project will include a 25,000-seat stadium.
Inter-Miami
Inter Miami CF

David Beckham has the green light to build a stadium for Inter Miami CF.

Construction on Miami Freedom Park has been cleared to begin after city commissioners approved a zoning plan on Tuesday night.

In April, Miami commissioners voted 4-1 in favor of a no-bid, 99-year lease for roughly 130 acres next to the Miami International Airport to be used for Major League Soccer. The city still needs to sign the lease documents.

Beckham and co-owners Jorge and Jose Mas are funding the entirety of the $1 billion project and will pay property taxes and a reported $4.3 million in annual rent.

  • The plan will start with an environmental cleanup of land under the site of the project – the Melreese Country Club
  • The project will include a 25,000-seat soccer stadium, a new 58-acre public park, office space, a hotel, and a retail village.

“Just to start vertical construction on the stadium, we are going to have to spend $120 million,” Jorge Mas said in April.

Project’s Plans

Miami has to give the operator of the Melreese golf course at least two months’ notice before canceling its lease.

Jorge Mas previously stated that the owners’ long-term plan for the stadium includes a professional women’s soccer team, along with boys’ and girls’ soccer programs. 

“A new park, an MLS stadium, and thousands of new jobs coming soon … The Future of Fútbol is in Miami,” mayor Francis Suarez tweeted.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Showboats’ Daewood Davis (2) celebrates after scoring a touchdown during the UFL game between the San Antonio Brahmas and Memphis Showboats in Simmons Liberty Bank Stadium in Simmons Bank Liberty Stadium in Memphis, Tenn., on Saturday, April 6, 2024.

The UFL Is Primed for Success—If It Can Resist Its Impulse for..

The spring football league must buck temptation if it wants to succeed.
Don Garber

NASL Trial Could Get in Underbelly of American Soccer

NASL alleges an illegal conspiracy between MLS and U.S. Soccer.
Race leader and eventual stage winner Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) in the final kilometer up the finish climb of stage 19 from Logroño to Alto De Moncalvillo (ESP/168km) of the 79th La Vuelta Ciclista a España 2024 on 6 September. // Kristof Ramon / Red Bull Content Pool // SI202409060905 // Usage for editorial use only //Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) congratulated by teammate Florian LIPOWITZ (DEU/RedBull - BORA - hansgrohe) after a very strong stage 13 from Lugo to Puerto De Ancares (ESP/171km) of the 79th La Vuelta Ciclista a España 2024 on 30 August

Red Bull Is on a Hot Streak in Sports. Can It Win..

The company is betting on a big future in cycling.

Carson Beck, Quinn Ewers Highlight NIL Mania In College Football

The former Georgia quarterback is getting paid big-time to transfer to Miami.

Featured Today

Ohio State Buckeyes defensive end Jack Sawyer (33) knocks the ball out of the hands of Texas Longhorns quarterback Quinn Ewers (3) and returns the fumble for a touchdown in the fourth quarter of the Cotton Bowl Classic during the College Football Playoff semifinal game at AT&T Stadium in Arlington, Texas on January, 10, 2025.

College Football Is Closer Than Ever to Perfecting the Championship Process

Despite valid criticisms, the first expanded Playoff is working.
Jan 2, 2025; New Orleans, LA, USA; Notre Dame Fighting Irish head coach Marcus Freeman (R) reacts on the sidelines in the final minute against the Georgia Bulldogs during the fourth quarter at Caesars Superdome.
January 9, 2025

Amid Realignment Mania, Notre Dame Stayed Independent. It Paid Off

How the CFP semifinal-bound Fighting Irish made their business model work.
Ohio State wide receiver Jeremiah Smith (4) celebrates a first-down catch against Oregon during the 2025 Rose Bowl in Pasadena, Calif.
January 3, 2025

The Biggest Changes to College Sports Are Coming in 2025

Sweeping developments could affect the college sports foundation this year.
Dec 31, 2024; Chicago, Illinois, USA; Chicago Blackhawks center Connor Bedard (98) walks out to the rink before the Winter Classic against the St. Louis Blues at Wrigley Field
January 1, 2025

Glitzy NHL New Year’s Eve Winter Classic Showcased Connor Bedard’s Star Power

The business of Bedard—on full display—is crucial for the NHL.
Sep 8, 2024; Cleveland, Ohio, USA; Cleveland Browns quarterback Deshaun Watson (4) runs the ball while looking for a receiver against the Dallas Cowboys during the first quarter at Huntington Bank Field.

Cleveland Countersues Browns As Stadium Dispute Escalates

The Browns want to build a $2.4 billion dome in the suburbs.
January 13, 2025

76ers Choose to Stay in South Philly, Scarred by Protests and Opposition

The pact also includes Comcast acquiring a stake in the 76ers.
Apr 7, 2022; Atlanta, Georgia, USA; A general view of fans outside of Truist Park before the game on Opening Day between the Atlanta Braves and Cincinnati Reds.
January 14, 2025

Philly Rips Page From Rival Playbook With Sports Complex Revamp

Philadelphia’s mayor frequently touts the influential Braves development.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Josh Harris
January 13, 2025

Commanders, Sixers Owner Josh Harris Had a Wild, Historic Sunday

The tri-city team owner crossed two big milestones Sunday.
January 12, 2025

Sixers Ditch Downtown Dreams, Partnering on South Philly Arena

The NBA team and Comcast Spectacor will develop a new South Philadelphia arena.
January 9, 2025

As Fires Devastate L.A. Area, NFL Moves Vikings-Rams Game

As of now, Monday’s wild-card game is still set for SoFi Stadium.
January 7, 2025

Rays Reverse Course on Tropicana Field Repairs, Aim for 2026 Return

After questioning the ballpark repairs, the MLB club now wants them done.