Not only is the U.S. Securities & Exchange Commission is investigating the Miami Marlins’ financing of their new ballpark, but the city of Miami is now looking into building-code violations.
Does Marlins Ballpark Suppress Home Runs After All?
April 4, 2012; Miami, FL, USA; Miami Marlins starting pitcher Josh Johnson (55) throws out the first pitch in the first inning against the St. Louis Cardinals during opening day at Marlins Ballpark. Mandatory Credit: Steve Mitchell-US PRESSWIRE SEC Investigation Of Marlins Ballpark Financing Could Heat Up Soon
A view of the new Marlins Ballpark during a game between the Miami Marlins and the University of Miami Hurricanes at Marlins Park in Miami, Florida. (Photo by Mike Ehrmann/Getty Images) Getty ImagesThe U.S. Securities and Exchange Commission opened an investigation into the financing of the Marlins’ new ballpark in early December. We reported on the story here and here. Since then it’s been pretty quiet, but that could change soon.
You might recall that the focus of the SEC probe was three-fold:
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Miami Marlins Ballpark Under Scrutiny Again
The City of Miami is already under investigation by the Securities and Exchange Commission for questions surrounding the financing of the new Marlins ballpark. There are questions about how the money was raised, and now there are questions with how well the contractors used the money. From CBS Miami:
Engineering specifications ignored. Contractors cutting corners to save time and money. He even caught a fellow inspector falsifying records and signing off on welds he never examined.
“If people knew what was going on there or how they did things, I mean, I won’t go to that stadium, I won’t take my kids to that place,” (welder and building inspector Roy) Fastabend told CBS4’s Jim DeFede in an exclusive interview.Well, I wouldn’t take my kid there either, but for entirely different reasons.
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