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Council defers decision on Homestead-Miami Speedway repayment plan to Sept. 9
Summary
Council asked staff and track representatives to continue negotiations and deferred action on a proposed repayment schedule for underpaid rent by Homestead-Miami Speedway to a date-certain on Sept. 9.
The City Council of the City of Homestead on Aug. 5 deferred action to Sept. 9 on a proposed repayment schedule from the Homestead-Miami Speedway to address reported underpayments of rent.
City staff said the Speedway submitted a repayment proposal that would begin quarterly payments in 2025 at the adjusted rate, add an additional $15,808 for calendar year 2026, and then make larger additional quarterly payments beginning in 2027 (staff summarized the…
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