|Look who has his hand out for MORE public dollars: Billionaire Mickey Arison, Miami Heat owner.|
Now the Miami Heat are asking for our tax dollars. Come on Mickey Arison, as of March 2013 your net worth was $5.7 billion. Give the taxpayers a break. Stop with the begging.
The Miami Herald wrote (pay attention to this first paragraph):
"Miami-Dade pays the arena $6.4 million a year under a deal that runs through 2029. In exchange for building and financing the $360 million arena on county land, owner Micky Arison negotiated an agreement that includes the yearly subsidy and a profit-sharing formula that has yet to deliver any money for Miami-Dade." And:
"Last fall, Heat executives formally exercised their right to negotiate a 10-year extension with the county. While the team technically rents space from the arena, both business entities are part of the corporate umbrella run by owner Arison, the CEO of Carnival.
Public dollars are sure to be a sticking point in the talks. Lopez said to fund the Heat’s planned upgrades, Miami-Dade may need to increase its current subsidy to as much as $17 million a year in the extended term that would begin in 2029."