• Loading stock data...
Thursday, May 15, 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

Hillary Trochek/Statement Threads Shop

How Custom Stanley Cup Playoffs WAGs Jackets Come Together

The process behind custom postseason jackets is meticulous—and aspirational.
Gracelyn Laudermilch

The House Settlement Has Thrown High School Athletes Into Crisis

FOS spoke to an athlete devastated by House settlement roster cuts.
Apr 11, 2025; Portland, Oregon, USA; Portland Trail Blazers forward Kris Murray (24) grabs a rebound during the second half against Golden State Warriors guard Buddy Hield (7) at Moda Center.

The Trail Blazers Are Finally for Sale. The Seahawks Are Not

Jody Allen is mandated to sell her late brother’s sports teams.

Featured Today

Apr 18, 2024; Los Angeles, CA, USA; Stanford Cardinal vs Grand Canyon University Antelopes during the MPSF Men's Volleyball Championship at Galen Center.
exclusive

‘What Just Happened’: Inside the Abrupt End of Grand Canyon Men’s Volleyball

Inside Grand Canyon’s shocking decision to cut men’s volleyball.
Mar 26, 2025; New York, New York, USA; Actor and filmmaker Spike Lee (l) greets former professional boxer Floyd Mayweather Jr. during the game between the LA Clippers and the New York Knicks at Madison Square Garden.
May 9, 2025

‘Friends of the Garden’: Inside the NBA’s Most Exclusive Celebrity Suite

“Among the titans of industry, deals are done at Suite 200.”
exclusive
May 9, 2025

Shams Charania on Draft, Breaking Dončić Trade, ‘Whirlwind’ ESPN Tenure

Charania will work on his first NBA draft lottery for ESPN on Monday.
Fat Perez reacts after hitting his shot on the 16th tee during the WHOOP Shot at Glory on the 16th hole at TPC in Scottsdale on Feb. 5, 2025.
May 7, 2025

Golf Influencers Are the New Currency for PGA Tour and LIV

YouTube golf is big business. The rival tours are staging formal events.
Gianni Infantino

Rights Groups Sound Alarm on Saudi Worker Deaths Ahead of World Cup

Saudi Arabia promised construction of 11 stadiums for the 2034 World Cup.
May 6, 2025

After Getting Sixers to Stay, Comcast Putting Its Own Name on Arena

Comcast will spotlight its mobile business at the South Philadelphia venue.
May 6, 2025

Trump Gets Another Golf Win With Euro Tour’s Scottish Championship

Trump International Golf Links Scotland will host a tournament in August.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In the latest Portfolio Players—our series spotlighting athlete and executive investors—Carolyn Tisch Blodgett, owner of Gotham FC & advisor to the New York Giants, breaks down how sports, brand, and capital are reshaping fandom and the business of women’s sports.
Sep 26, 2021; Haven, Wisconsin, USA; David Kohler on the second hole during day two four-ball rounds for the 43rd Ryder Cup golf competition at Whistling Straits.
May 5, 2025

Ryder Cup Comeback? Billionaire Owner Eyes Whistling Straits Return

The course has hosted the Ryder Cup and PGA championships.
April 30, 2025

Utah Hockey Capacity Set to Rise by 6,000—Literally

Hockey sight lines will be greatly improved at the downtown arena.
April 29, 2025

Will Commanders Get Their Stadium? Public Funding Hangs in Balance

The NFL team will have an uphill battle with skeptical council members.
April 28, 2025

London’s Big Sports Play: From NFL Games to Olympic Dreams

The English capital says it has already generated sizable returns from sports.