Source: Raiders Stadium Will Cost $200M Less Golden Knights' Practice Facility To Be Top-Flight St. Louis MLS Investors Hopeful Funding Vote Passes Georgia State Updates Turner Field Construction Rays' Ballpark Site Search Still Complicated Braves Will Help Fans With SunTrust Traffic Raiders' Vegas Stadium Financing Remains Complicated Sacramento, Kings To Refinance '97 Arena Loan Facility Notes Proposal Made To Lift Crandon Park Restrictions
ARENA DISPUTE HEATING UP IN MIAMI: CITY PRIORITIZES
Published November 10, 1995
Miami city leaders met in an "emergency meeting" Wednesday and discussed ways to keep the Heat from leaving. Joanne Cavanaugh reports the city, which doesn't control the team's lease at Miami Arena, voted to try legal maneuvering to force the arena's operator to the negotiating table. The arena is operated by Leisure Management, 50% owned by Panthers Owner Wayne Huizenga. City leaders charge a conflict of interest, since Huizenga is seeking a new arena in Broward County and the city's lease with Leisure prevents them from building a competing venue. Leisure officials deny a conflict, and say any competing facility would be built by another company. The city wants Leisure to extend the Heat's lease to make the seven-year-old facility more profitable for the team (MIAMI HERALD, 11/9).