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Politics

State Legislature

Florida Sports Infrastructure and Small Business Growth Act

Status: FailedState: FloridaIssue: Small Business

Summary

This bill lets Florida local governments create special districts to help fund pro football stadium projects and nearby improvements, but only if private sources cover most costs and no new statewide general tax is used. It also requires at least 35% of contracts to go to Florida small businesses, adds local hiring and apprenticeship programs, mandates annual transparency reports, and allows public support to be cut back or recovered if promises are not met.

Full text

This bill authorizes local governments to create Sports Infrastructure Growth Districts for professional football stadium construction, renovation, and surrounding public improvements.

Any participating team or ownership group must provide a majority of total project funding from private sources. Public participation may come only from locally approved tax-increment revenue, ticket surcharges, naming-rights revenue, sponsorship revenue, or district-generated fees. No new statewide general tax may be imposed.

At least 50% 35% of district construction, procurement, and operations contracts must be awarded to Florida-based small businesses, with preference for firms located in the host county. Participating projects must also establish apprenticeship and local hiring programs.

Each district must publish annual reports detailing public revenue used, private investment secured, jobs created, contracts awarded, and economic activity generated.

Public support must be reduced, suspended, or recovered if the team fails to meet its funding, construction, reporting, or economic-development commitments.

Amendment history (1)
  • Amendment #1
    Increase local business requirement from 35% to 50%

Sponsor

Samuel SharpRepublican Party

Cosponsors

Final disposition

Legislative status: Failed
Outcome: Bill failed in the legislature.
Governor action: Pending

Seat-weighted breakdown

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