A Slam Dunk Deal Renews the Miami Heat's Arena Lease
by Sep Niakan | June 09, 2014
The Miami Heat is taking on the San Antonio Spurs in the NBA finals, but they're not the only ones taking on a major challenge. The Heat's front office was successful in the County Hall on May 3.
County commissioners approved a new AmericanAirlines Arena lease for the Heat with a 10-2 vote.
The agreement is, the team must provide the county with $1 million for its parks, then the county will grant an additional five years to the lease.
Miami-Dade county will keep providing the Heat with $6.4 million in hotel taxes every year until 2030, when the provision increases to $8.5 million for five years.
A profit-sharing deal that was part of the original arena lease in 1997 was not renewed in the new deal.
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...
by Sep Niakan | December 28, 2016
We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...