Boca Raton businessman Cliff Viner purchased the team in November 2009 and with the help of new General Manager Dale Tallon has already turned the franchise around.
The secretary general of the Department of the Environment, Geraldine Tallon, told a Dail committee on Thursday that the final bill could range from 204m euros to 250m euros.
Prior to coming to Florida, Tallon played a substantial role in reviving the Chicago Blackhawks and built most of the roster that went on to win the 2010 Stanley Cup.
Through a series of trades and signings, Tallon and Bowman then added other players who fit the team's approach, and in 2008, the organization hired a head coach who preferred a high-tempo style, Joel Quenneville.