Commissioner Juan C. Zapata, whose district includes part of Kendall and western Miami-Dade, slammed the proposed agreement as too generous to the Heat. He cited one provision that would end the county’s ability to collect more revenue if the arena’s naming rights sell for more than $2 million a year once the current agreement with American Airlines ends in 2020.
“It’s a horrible deal,” he said. “I’ve never seen anything so ridiculous.”
I found it interesting that he was briefed by the Mayor's assistant and not the Mayor. Zapata apparently never sees the Mayor.
Gimenez is saying we have a $208 million budget gap but this year he is/was entertaining deals with Billionaire Mickey Arison (Heat), Billionaire Simon Fuller among others (Soccer Stadium) and Billionaire Steve Ross (Dolphins). He should lock his door for sports teams. There should be a sign on his door: No welfare for Billionaires. County Broke. Go elsewhere.
What the hell is wrong with this community? Who can even afford to go to these games? Broward Residents.
Here is the Heat deal proposed or agreed to (depending on who you speak to):
Taking into account the increased subsidies minus the rent the team would pay between now and 2040, the agreement would cost Miami-Dade an additional $121 million through 2040. That’s on top of the $6.4 million the county must pay yearly for the next 15 years under the terms of the 1996 agreement in which Arison financed construction of the $240 million arena. The yearly subsidy would increase to $12 million in 2031 — the first year of the extended lease — and hit $17 million nine years later.
After 14 years of profit sharing with the Heat we collected $300,000. Don't you think they cooked the books. Would you enter into another deal with cheaters? We are talking about funding billionaires when our County is strapped for basic services and Librarians are cast as devils for getting $60 to $70 thousand a year when they have Master's degrees.
Where are our priorities? Why isn't the Mayor talking to County Commissioners? What the hell is going on? $21 thousand a year from the Heat as profit sharing? I don't think so. How can the Mayor do a deal with a team that has been paying us that? It is the Heat bilking the County. I can make a better deal. We are Stadium rich and service poor in Miami Dade County. And I don't like these sports teams trying to blackmail the county with "we will take our team elsewhere". Well go or collect the money from your stupid fans.