Palm Beach Approves $5 Million Baseball Stadium Down Payment
The Palm Beach County Commission approved spending the initial $5 million of a $135 million proposal to build the stadium. The goal is to lure a potential spring training deal with the Houston Astros or Washington Nationals.
However, finalizing the deal still depends on the Florida Legislature agreeing to remove restrictions on the stadium site, which is proposed for the southeast corner of 45th Street and Haverhill Road in West Palm Beach.
The two Major League Baseball teams have agreed to hold spring training in West Palm Beach if the county and state assist with the funding of a new $135 million stadium.
Palm Beach is ultimately being asked to pay for about half of the $135 million stadium cost, with the state of Florida and two teams paying for the rest.
The county's funding for the stadium would come from the taxes of local hotel stays and other short-term rentals. The $5 million down payment that was recently approved will assist in paying for design work and other initial expenses to kick-start the project with hopes of a groundbreaking by 2017.