Miami-Dade taxpayers have less than a year to share in any windfall from Jeffrey Loria selling the Miami Marlins to Jeb Bush and Derek Jeter.
Loria must share 5 percent of any sale profits with Miami-Dade and the city of Miami if he closes a deal by April 2018, according to a summary of the payout provision prepared by the county. That could mean millions, since Loria’s original deal for the tax-funded stadium values the franchise at about $500 million and the owner is said to be selling the team to Bush, Jeter and partners for about $1.