David Beckham announced his group has purchased a stadium site for his MLS expansion team in Miami on Friday, reports the Miami Herald.
“Miami Beckham United has secured a stadium development site at 650 Northwest 8th Street in the City of Miami's historic Overtown neighborhood,” the group said in a statement.
The stadium will sit on approximately nine acres of land and be within walking distance of multiple public transit options and the up-and-coming Miami River District, which is northwest of downtown Miami.
“The private properties, which comprise the majority of the land, are under contract and we intend to purchase the County land at fair market value pending approval of our site by the MLS Board of Governors,” the statement added.
When Beckham signed with the LA Galaxy in 2007, his contract included a clause that granted him the right to own an expansion franchise. In February 2014, David Beckham and MLS commissioner Don Garber confirmed that the retired midfielder would own an expansion team in Miami, but the expansion plan stalled when the league said it would not approve a new team in Miami until a stadium deal was completed.
A stadium near Marlins Park was initially considered but fell through in January because Beckham's partner opposed it. Two other sites were being considered after that, but failed to work out because of opposition from the local community.
According to the Miami Herald, sources said Beckham’s group plans to own the real estate and stadium itself, dropping past efforts for a government-owned stadium that would be shielded from property taxes.
Originally, Beckham’s team was hopeful it could begin its inaugural season in 2017.