It’s still corporate welfare.
Well, certainly, at least to some very limited extent, it is. I would have preferred that Loria (and his co-owners) pay for the whole thing. As it turns out, they will actually retire about $150 million of the debt via rent. About 1/3rd. Not an insignificant portion.
But, they won't be paying for the whole thing. They should be, but they're not. So, what?
It was done according to the laws in existence and with the acquiescence of the elected politicians.
Much as I'd like to impose my personal or Norman Braman's preferences, I can't do that. If the people of Miami-Dade think it was a bad deal, they have only themselves to blame, they elected those who agreed to it. So it goes.