Miami Dolphins owner Steve Ross has decided to commit as much as $400 million towards privately renovating Sun-Life Stadium, the facility the Dolphins use, and the real estate mogul owns.

But in exchange for upgrading South Florida's largest football stadium, which is used by the Miami Hurricanes, high school teams, and the Orange Bowl game, Ross wants his franchise to get the same tax benefits all of the state's other sports teams benefits from.

This is Ross' newest pitch to get Sun-Life Stadium updated.

Here's what Ross had to say about his latest pitch to local and state politicians:

“I have made clear I want the stadium modernized because it’s right for our fans and it’s right for Miami-Dade and South Florida. I have decided the best way to get this done is to pay for the project with private funds. All we ask in return is that we are treated the same as all franchises in the state of Florida. A world-class city needs a world-class stadium.

We haven’t won a Super Bowl bid in Miami-Dade in far too long, and we know that with the stadium as an issue, we never will unless it is modernized. The Super Bowl Committee will have to decide if they want to compete for the next two Super Bowls so time is of the essence. It is time to move forward.

This privately funded project will create more than 4,000 local jobs. We can bring back the Super Bowl, the College Football Playoff Championship and world-class soccer matches -- and all the revenue those big events generate for the local community. I am going to make the commitment and provide the resources because Miami deserves the economic benefits of a modernized stadium.

But for me, this is about something more. I grew up here in Miami-Dade and have been part of this area for most of my life. I want to do this for the community that has done so much for me, and for this storied franchise that means so much to the people of South Florida. With this project, we can secure the future of the Dolphins in Miami-Dade for another 20 years.  That is more important to me than anything else.”