Week of March 1, 2012
| Federal bond probe of Miami Marlins stadium a huge read By Scott BlakeFederal regulators investigating Miami-Dade County's bond financing deal that built the new Miami Marlins baseball stadium will have a lot of reading to do. The county sent about 35 boxes of documents, computerized records and other material related to the controversial bond arrangements to the US Securities and Exchange Commission's Miami office. The local office subpoenaed the county and Miami city officials for the records. And more information could be coming. "We are continuing to collect documents responsive to the subpoena and will produce additional documents as they become available," Miami-Dade County Attorney R.A. Cuevas Jr. wrote in a Jan. 30 letter to the SEC. Letters accompanying each of the county's shipments of records noted the material, among other things, included information from "the Braman litigation" — the unsuccessful lawsuit over the stadium deal filed against the Marlins and others by Norman Braman, former owner of the NFL's Philadelphia Eagles and a Miami activist. The SEC and the City of Miami did not respond this week to calls for comment on the records request. Previously, city officials had expected to get the material to the SEC by the original Jan. 6 deadline. For the county, complying with the subpoena took a few weeks longer than expected. The county sent the records in four shipments, one in December and three in January. The county did not seek to have the records sealed from the public during the probe, although it could have pursued that option, as noted in the SEC's subpoena, said county spokeswoman Suzy Trutie. However, the county wants all original records returned at the end of inquiry. Ms. Trutie added: "We sent them everything that was requested." To read the entire issue of Miami Today online, subscribe to e -Miami Today, an exact digital replica of the printed edition. |
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