A's Look Forward To New Spring Training Digs Bradley Center Will Not Profit From Tourney Reliant Stadium Could Get New Name Mayor Makes Demand Over Dolphins' Stadium Plan CU, Levy Restaurants Ink Concessions Deal Captain Morgan Exits Victory Field Sponsorship LVMS Apologizes For Parking Snafu NFL Giants, Jets Settle American Dream Dispute Sun Life Upgrade Plan Greeted By Mixed Reactions Canucks Terminate Aramark's Contract
Upcoming Conferences and Events
MIAMI SPORTS AUTHORITY COUGHS UP $9M JUST IN CASE
Published June 12, 1996
The Miami Sports and Exhibition Authority may pay an additional $9M towards a new $165M Heat arena so that Dade County will not have to dip into its general fund, according to the MIAMI HERALD. The Authority will now pay $24M total, with the $9M held in reserve should Dade's other cash sources, such as tourism revenue, fall short. Even with extra $9M, Dade will pledge $7M from sales tax proceeds as backup. Metro Dade Commissioner Katy Sorenson, an arena opponent, said the plan "has gotten a little bit better," but added, "Let the Heat build its own arena. It can well afford to do so" (Don Finefrock, MIAMI HERALD, 6/11).