The Florida Marlins and local governments are close to finalizing the financial details of a $515 million proposal that would provide the team with a brand-new ballpark, according to the Associated Press.
The 37,000-seat park would be built on the site of the current Orange Bowl.
The latest version of the proposal requires that Miami-Dade County contribute $347 million in funding. That money will be collected mostly via tourist tax dollars.
The team would contribute $155 million for the stadium, which could open by 2011.
Marlins Finalizing $515M Proposal For Ballpark