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HEAT, PANTHERS TEAM UP FOR NEW ARENA
Published July 24, 1995
Panthers Owner Wayne Huizenga and Heat Owner Mickey Arison "are scouting locations and studying proposals for a new arena that could house both sports teams," according to the MIAMI HERALD. Industry experts say that the two teams must "team up in a single arena if they expect to be profitable." Together, the teams could split operating costs, attract a major corporate sponsor and fill more sky boxes at higher prices. And, they "would require less public funding to get an arena built." Both owners claim they need a new facility because they are losing money at the Miami Arena (Cindy Krischer Goodman, MIAMI HERALD, 7/21). News of a possible new arena brought reaction this weekend in Miami. Karen Rafinski writes, "While local team owners are asking taxpayers to pick up the tab, they are bucking a national trend for clubs to pay their own way" (MIAMI HERALD, 7/23). Greg Cote writes, "It is unfair that Huizenga is a target of philippic attack because in seeking a new arena he tried to cut the best deal he could. Who wouldn't?" (MIAMI HERALD, 7/23).