Miami commissioners late last week approved the sale of $92 million of bonds to build parking facilities for the Florida Marlins’ new baseball stadium, which is under construction.

The sale was postponed in October after questions were raised about the cost, which could have required the city to sell $120 million of bonds. City officials renegotiated the construction contract and received a lower cost but then delayed the debt sale after questions were raised about disclosure practices in prior bond deals.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.