Billionaire University of Miami graduate wants to build new football stadium in Coral Gables

CORAL GABLES, Florida. – A rich booster from the University of Miami is advancing its plan to build a new stadium near the school’s campus in Coral Gables.

John Ruiz is the CEO of MSP Recovery.

He’s a Cuban American who grew up in Miami, went to the University of Miami, and had three children who graduated from UM. He is also a billionaire.

Ruiz says he wants to build a brand new stadium for the Hurricanes football team in Coral Gables.

“I have a feeling that over the years the university that had this loot lost it,” Ruiz said.

Ruiz launched the idea on social media and it quickly went viral.

He’s since formed a committee of well-connected Southern Floridians to flesh out the plan, and their first proposal is to put it on the site where Coral Gables High School is currently located and modernize the school at the same time.

“It’s very central,” Ruiz said. “It’s not to take anything out of there or the legacy of it, or to take away from children, I love children. I want to help the children.

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However, not everyone is convinced that this is a good idea.

In fact, the former mayor of Coral Gables, Raul Valdes-Fauli, says he thinks there is almost no chance it will work there, or anywhere in town, and has qualified the idea of ​​”stupid”.

“We don’t want the stadium in the middle of Coral Gables with the traffic it’s going to generate, the noise it’s going to generate, and it should go in the middle of a residential area,” said Valdez-Fauli.

Several former students and current families of Gables High have also expressed their concerns.

But Diana Diaz, a Coral Gables High alumna, parent and board member of Ruiz, says their goal isn’t to cause upheaval, it’s to help improve the school and the surrounding area.

“It’s about having a positive impact on the school and providing an asset for sports facilities and outdoor activities that don’t currently exist,” said Diaz.

If Ruiz succeeds, the plan here would be to build a stadium for the Hurricanes as the centerpiece of a larger athletics facility for the entire county, and also to make Coral Gables High a state-of-the-art school. of technology.

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Of course, this is still in its early stages and nothing has even been presented to the city until now.

Late Monday afternoon, Coral Gables High posted a statement on the school’s Twitter page.

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