For The First Time Ever, The Miami Heat Paid Rent

The financing on American Airlines Arena, which opened on Dec. 31, 1999, is unique. The Heat paid the full construction costs of the $213-million building, which is owned Miami-Dade County. That's good! In exchange, Miami-Dade gave them the $38-million plot of land, and promised $6.5 million in annual subsidies.… » 11/22/13 6:06pm 11/22/13 6:06pm