Bengals, County Reach Stadium Upgrades Deal ECHL Wranglers Won't Play On Rooftop James, Heat Top NBA Jersey Sales Barclays Center, MSG Rivalry Heating Up Facility Notes Lexington Mayor Pushing Forward On Rupp Upgrades Purdue Upgrading Ross-Ade Stadium NHL Jets May Add Seats At MTS Centre MLB Facility Notes A's Negotiating 10-Year Coliseum Lease
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).