BMO Field Phase 1 Upgrades Nearly Done McGuire Emphasizes Subsidies For MLS Venue S.F. Official Downplays Concerns Over Warriors Arena Facility Notes New NFL Stadium Efforts Costly For St. Louis NYRA Revives Saratoga Redevelopment Indy Eleven Stadium Bid Runs Out Of Time Facility Notes Consultants Seek Changes To Warriors Arena Plan Falcons To Borrow $850M For New Stadium
Upcoming Conferences and Events
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).