The total revenue at Hard Rock Stadium was up 39.7% in the FY that ended on March 31 "from the 12 months that preceded it," according to Adam Beasley of the MIAMI HERALD. That data on the Dolphins' home is "according to Fitch Ratings, who for the third year affirmed" a Better Business Bureau rating to the nearly $190M remaining still owed by Stephen Ross. While the rating is "not perfect," it "reflects Fitch’s belief that Ross and Hard Rock are 'a relatively low to moderate credit risk.'” Fitch also reported Hard Rock’s total expenditures grew by 31% in '17-18. Going forward, Hard Rock Stadium is anticipating 2.5% "annual increases in stadium-related revenues for 10 years" and 2% thereafter. Expenses are "projected to grow 3% annually ( MIAMIHERALD.com, 10/19 ).
Dolphins See Increased Revenue From Hard Rock In Latest Fiscal Report
