MIAMI (CBSMiami/AP) — Former Miami Marlins owner Jeffrey Loria has agreed to reimburse the county and the City of Miami a total of $5.5 million for the cost of building Marlins Park.
The Miami-Dade County Commission approved the final lawsuit settlement after Loria agreed to a last-minute increase in the amount. A tentative settlement of $4.2 million was reached last month.
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The payment stems from the $1.2 billion sale of the team by Loria in 2017 to Derek Jeter and his ownership group. Loria bought the Marlins for $158.5 million in 2002.