Key Takeaways:Public-Private Deal RisksThe public took all the financial downside while the private owner (Jeffrey Loria) gained all the upsideNo accountability or performance clauses in the dealLack of transparency and no public voteFinancial Structural ProblemsRevenue bonds backed by volatile tourism taxesHigh-interest, long-term debt ($1.9 million bond projected to cost over $1 billion)Principal payments don't start until 2026, extending debt to 2048Real Estate Investment LessonsDemand drives everything - the Marlins had a small fan baseVerbal promises aren't enough; development commitments must be in writingAlways conduct independent financial reviewsArchitectural beauty can't compensate for poor financial fundamentalsConsequencesStadium surrounded by empty lotsNeighborhood saw minimal economic developmentLoria sold team for $1.2 billion, making hundreds of millions in profitAttendance dropped from 2 million to 800,000Political backlash, including mayor's recall

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