The renovation is estimated to cost $400 million, and would help South Florida jump as a contender for the Super Bowl. It would also help increase Miami’s standing.

The Dolphins earlier outlined a renovation plan that will move about 3,600 sets 18-feet closer to the field, improve the amenities around the stadium, and add a canopy roof over the seating area. The renovations also include lighting changes; and upgrades to scoreboard, the food service capabilities in the stadium, concourses, in stadium sound systems, and seating.

Overall, there are 22 areas in which the stadium needs upgrades. The canopy is the major area which needs an urgent upgrade. It is needed to keep Sun Life Stadium in the running for future Super Bowls and NCAA National Championship games.

Funding for the grand project is still unclear. A proposal has been put before the committee to raise roughly $200 million from increasing taxes charged on hotel rooms in Miami-Dade. The Dolphins would also receive an annual $3 million dollar sales tax rebate. In exchange, the team would foot 51% of the bill.