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Amerant Bank Arena (previously known as the National Car Rental Center, Office Depot Center, BankAtlantic Center, BB&T Center, and FLA Live Arena) is an indoor arena in Sunrise, Florida, United States. It is the home venue for the Florida Panthers of the National Hockey League. It was completed in 1998, at a cost of US$185 million, almost entirely publicly financed, and features 70 suites and 2,623 club seats.[2]

Key Information

History

[edit]
An aerial shot of Amerant Bank Arena
View of Amerant Bank Arena from Publix Plaza before a Florida Panthers game during the 2023–24 season.
View of Amerant Bank Arena (then BankAtlantic Center) from entrance plaza (now called Publix Plaza) before a Florida Panthers game during the 2007–08 season.
FLA Live Arena before a Florida Panthers playoff game
Amerant Bank Arena before a Florida Panthers playoff game

In 1992, Wayne Huizenga obtained a new NHL franchise that would eventually become the Florida Panthers.[5] Until the team had an arena of their own, they initially played at the now-demolished Miami Arena, sharing the venue with the NBA's Miami Heat.[6] Sunrise City Manager Pat Salerno made public a $167-million financing and construction plan for a civic center near the Sawgrass Expressway in December 1995,[7] and Broward County approved construction in February 1996.[8] In June 1996, the site was chosen by the Panthers, and in July, Alex Muxo gathered more than a dozen architects, engineers and contractors for the first major design brainstorming session. Architects Ellerbe Becket were given 26 months to build the arena, which had to be ready by August 30, 1998, to accommodate the 1998–99 NHL season. Despite never having designed a facility that had taken less than 31 months from start to finish, they accepted the job.[5] Seventy suites were completed with wet bars, closed circuit monitors and leather upholstery. Also home to private lounge box seating, all construction activity was generated by over fifty subcontractors and 2.3 million man hours without a single injury.[4] Known as the Broward County Civic Center during construction, the naming rights were won in July 1998 by National Car Rental — a company purchased by Huizenga in January 1997 — leading to the venue being named the National Car Rental Center.[9] A certificate of occupancy was given on September 12, 1998, and the arena opened on October 3, 1998, with a Celine Dion concert. The next day, Elton John performed, and on October 9, 1998, the Florida Panthers had their first home game at their new arena, a 4–1 win against their cross-state rival, The Tampa Bay Lightning.[10]

As NRC's new parent company, ANC Rental, went bankrupt in 2002, the Panthers sought a new sponsor for the arena.[11] It became the Office Depot Center in the summer of 2002 (Office Depot is based in nearby Boca Raton). Just over three years later, the arena's name changed again; it became the BankAtlantic Center on September 6, 2005 (BankAtlantic was headquartered in nearby Fort Lauderdale). After BB&T acquired BankAtlantic in July 2012, the arena was rebranded as the BB&T Center.[12][13]

In October 2012, Sunrise Sports and Entertainment completed installation of the Club Red [now Amerant Vault] [14] which is a 12,000+ square-foot exclusive lounge for concerts, shows, and events including a center ice view for hockey games.[citation needed]

On May 14, 2013, Broward County voted to fund a new scoreboard for the county-owned arena.[15] On October 11, 2013, the scoreboard made its debut for the Panthers' 2013–14 home opener.[16]

In February 2019, it was announced that BB&T would be merging with SunTrust Banks to form Truist Financial Corporation.[17] The merged company decided to not renew the naming rights agreement after it expired in 2021. The arena was temporary named FLA Live Arena until a new rights partner was found. On September 19, 2023, it was announced that Amerant Bank, a South Florida-based bank, would be the new rights partner, renaming the arena to Amerant Bank Arena.[18][19]

The arena is currently the largest in Florida.[20]

Notable events

[edit]

NHL

[edit]

Latin/Hispanic shows

[edit]
  • Sunrise and Fort Lauderdale are a growing Latin & Hispanic market as demand has grown outside of Miami proper. Amerant Bank Arena is centrally located in South Florida to be able to not only draw from Miami-Dade county but the one million Hispanic/Latin population residing in points north in Broward County and Palm Beach County. This is evidenced by the growth in Latin programming since 2019 at Amerant Bank Arena including but not limited to hosting the Latin Billboard Music Awards in 2020, Latin American Music Awards in 2021, Amor A La Musica in 2022 and 2023, and Uforia Mix Live in 2022.[21]
  • Marco Antonio Solís sold out to set the Latin gross revenue record in April 2022 and then beat his own record on April 1, 2023. Just three weeks after Marco eclipsed his record, Juan Luis Guerra set a new Latin ticket sales and gross record selling out on April 22, 2023.[22]
  • The Latin/Hispanic programming continued to grow with a sold-out Peso Pluma concert in June and a strong showing by Santa Fe Klan in July 2023. The future of Latin programming in the northern part of South Florida includes performances scheduled by Luis Miguel, Pepe Aguilar, and others.

Boxing, mixed martial arts

[edit]

The arena has held boxing and mixed martial arts events such as EliteXC: Heat featuring the main event of Seth Petruzelli and Kimbo Slice took place on October 4, 2008. On February 15, 2009, a lightweight bout between Nate Campbell and Ali Funeka took place in the arena.

Strikeforce MMA made their debut at the arena on January 30, 2010, with the Strikeforce: Miami event on Showtime.[23]

UFC on FX 3 took place at the arena on June 8, 2012. It was the first UFC event ever held at the arena.[24]

UFC Fight Night: Jacaré vs. Hermansson (also known as UFC Fight Night 150 or UFC on ESPN+ 8) took place at the arena on April 27, 2019. It was the first time UFC returned to the arena since 2012.

The arena hosted an exhibition boxing match between Floyd Mayweather Jr. and John Gotti III, on June 11, 2023.[25]

Professional wrestling

[edit]

Bull riding

[edit]
  • Every August since 2024, the Florida Freedom PBR bull riding team host an annual event at the arena.

Other events

[edit]

Regular events

[edit]
Inside the then-named Bank Atlantic Center during a Florida Panthers game in 2008

In addition to the Panthers, the arena was formerly home to the Florida Pit Bulls of the American Basketball Association, the Miami Caliente of the Lingerie Football League, and the Florida Bobcats of the AFL, along with the only season of the Florida ThunderCats. This arena also serves as the host for the Orange Bowl Basketball Classic held every December in conjunction with the namesake college football game.

Arena information

[edit]

Seating

[edit]
  • Basketball: 20,737
  • Hockey: 19,250
  • End-Stage Concerts: 12,500 – 19,000
  • Center-Stage Concerts: 19,500
  • 17,000 square feet (1,600 m2) of arena floor space for trade shows and other events such as circuses and ice shows.[2]

Parking and loading docks

[edit]
  • Total: 7,045 spaces (Does not include production or bus/oversized vehicle parking)
  • General parking: 4,446 Spaces
  • Suite/club seat parking: 1,771 spaces
  • Garage: 226 spaces
  • Disabled parking: 92 spaces
  • Truck doors: 5
  • Waste removal docks: 2[2]

Food and novelty concessions

[edit]

Plaza Level:

  • 3 Coca-Cola food courts
  • Pantherland Retail
  • VooDoo Ranger Craft Beer & Bar
  • Cats Cantina
  • Funky Buddha Tap Room
  • Jameson Crossbar
  • Patron Patio &Yuengling Flight Deck & Bar [29]

Mezzanine Level:

  • 3 food courts and two points of purchase kiosks[2]

See also

[edit]

References

[edit]
[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

Amerant Bank Arena

View on Grokipedia
from Grokipedia
Amerant Bank Arena is an indoor multi-purpose arena located at 1 Panther Parkway in , a suburb of Fort Lauderdale in Broward County. Opened in 1998 to house the National Hockey League's expansion franchise for the 1998-99 season, the venue was constructed under a tight 26-month timeline to meet league requirements. The arena features a seating capacity of 19,250 for games and up to 20,737 for , with configurations accommodating up to 23,000 for certain concerts. It serves as the primary home for the and hosts over 125 events annually, including major concerts by artists such as and , family entertainment like and , and NHL special events including the 2003 All-Star Game and entry drafts in 2001 and 2015. In September 2023, the arena secured a deal with Amerant Bank, a South Florida-based , rebranding from its prior designation as FLA Live Arena; this marked the latest in a series of corporate sponsorship renamings since the facility's inception. The venue attracts more than 1.2 million visitors each year, reflecting its role as a key entertainment hub in the region amid the Panthers' rising prominence, including their 2024 championship.

History

Planning and construction

In the early 1990s, following Wayne Huizenga's acquisition of an NHL expansion franchise that became the in 1993, plans emerged for a dedicated arena to host the team, as existing venues in proved inadequate for long-term use. Sunrise City Manager Pat Salerno publicly announced a $167 million financing and construction plan in December 1995 for a civic center near the Sawgrass Expressway in , with Broward County approving the project the following year. The site, spanning 139 acres, was selected in June 1996 under a tight deadline to complete the facility by August 30, 1998, for the . Groundbreaking occurred in October 1996, with construction managed by architects and completed in a record 26 months despite the accelerated timeline. The project, initially referred to as the Broward County Civic Center during its planning phase, totaled $185 million in costs, funded almost entirely through public sources including county bonds and taxes, reflecting Broward County's investment in regional sports infrastructure. The arena was designed with 70 luxury suites and 2,623 club seats to accommodate NHL games, concerts, and other events, prioritizing multipurpose functionality. Ownership vested in Broward County, with operations initially handled by SMG, now ASM Global.

Opening and early operations

The National Car Rental Center, as the arena was originally named, was constructed on a 139-acre site in , with groundbreaking occurring in July 1996 following site selection in June of that year. The project adhered to a compressed 26-month timeline mandated by the need to open by August 30, 1998, for the ' , involving over 600 workers across two shifts including weekends, 2.3 million man-hours, more than 50 subcontractors, and zero reported injuries. Architects designed the facility, which cost approximately $185 million, funded almost entirely through public sources by Broward County. The arena featured 19,000 theater-style cushioned seats, 70 luxury suites averaging over 650 square feet each—the largest for such a venue at the time—and modern amenities tailored for and multipurpose events. The venue officially opened to the public on October 3, 1998, with an inaugural concert by , followed by a performance from the next day. The played their first home game at the arena on October 9, 1998, defeating the 4–1 in a matchup against their intrastate rivals, marking the start of regular NHL operations after the team's prior tenure at . This transition addressed longstanding concerns over the adequacy of the downtown facility for hockey, providing the Panthers with a dedicated suburban venue optimized for the sport. In its initial years from 1998 to 2000, the arena primarily operated as the home of the , hosting all 41 regular-season home games per NHL season alongside playoff contests when qualified, with capacities supporting up to 19,250 for hockey configurations. Early programming diversified to include major concerts, events such as in May 1999, and family-oriented shows, establishing the venue as a regional entertainment hub while generating revenue through suite rentals, concessions, and parking for over 4,000 vehicles. Operations emphasized efficient event turnover between hockey setups and stage configurations, though the Panthers' on-ice struggles—finishing last in the Eastern Conference in 1998–99 despite acquiring star forward —did not immediately translate to sold-out crowds, with average attendance hovering around 14,000 per game in the debut season.

Naming rights evolution

The arena opened on October 3, 1998, as the National Car Rental Center under a naming rights agreement with , a Fort Lauderdale-based company, which held the deal through 2002. In October 2002, the venue was renamed the Office Depot Center following a 10-year, $35 million agreement with , also headquartered in ; this deal lasted until 2005. On September 6, 2005, it became the BankAtlantic Center after BankAtlantic, a Fort Lauderdale bank, secured in a 15-year pact valued at approximately $45 million, amid the end of the Office Depot contract. BankAtlantic's financial troubles, including a 2011 regulatory order and subsequent asset sales, led to the early termination of its rights. In October 2012, Bank assumed for a reported $15 million over five years (with options to extend), rebranding the arena as the BB&T Center following BankAtlantic's collapse; , based in , extended the deal multiple times, holding it through the 2020–21 season despite its 2019 merger with SunTrust to form Truist. Truist declined to renew in September 2021, citing strategic shifts. Without a new corporate sponsor, the arena adopted the temporary name FLA Live Arena in December 2021, tied to a short-term and ticketing with Live, a local promoter; this interim branding persisted for less than two seasons. On September 19, 2023, Amerant Bank, a Coral Gables-based institution with roots in South Florida's Cuban-American community, finalized a multi-year deal—reportedly worth over $20 million—renaming it Amerant Bank Arena effective immediately for the 2023–24 season; the agreement includes premium seating sponsorships like the "Amerant Vault" and builds on prior Panthers .

Renovations and expansions

In 2011, during the offseason, the arena replaced the original green seats in the lower bowl with new red seats as part of the ' "We See Red" campaign. In 2013, a large center-hung known as "Big Red" was installed above center ice. Ahead of the 2023-24 season, marking the franchise's 30th anniversary, the arena underwent facility-wide enhancements including installation of new state-of-the-art HVAC units for improved ice quality and air filtration, a JBL VTX sound system with advanced digital signal processing, energy-efficient LED sports lighting by Signify, and two new Zambonis equipped with FastICE technology. Additional upgrades encompassed a permanent sensory room near Section 301 for neurodiverse fans, new ice-level group seating in "The Stable" for 10-15 guests with exclusive amenities, a Sunset Terrace hospitality space for over 60 guests, high-definition LED walls at main entrances, enhanced parking lot lighting, and sustainability measures such as food waste composting processing 25,520 pounds annually and infinitely recyclable aluminum cups. For the 2025-26 season, further interior renovations include a new center-hung replacing the 2013 model while maintaining the existing footprint but positioned higher for better visibility, alongside over 1,800 linear feet of new LED ribbon boards, club-level displays, and vomitory screens. Approximately 1,400 seats in the upper-level shoot-twice end zone will be removed to create an 800-person viewing deck, reducing overall capacity slightly from 19,250 while refreshing unchanged 300-level areas since the arena's 1998 opening; plans for a fuller upper-bowl overhaul were scaled back. Expansions beyond the arena structure focus on redeveloping approximately 140 acres of surrounding surface into a mixed-use district with offices, residential units, hotels, entertainment venues, and limited retail, as outlined in a Broward master plan developed by CallisonRTKL. The hold exclusive development rights to this land under their amended lease with Broward , extended through 2033 with options to 2048, though phased buildout has proceeded incrementally without full realization by 2025.

Primary Tenants and Sports Usage

Florida Panthers tenure

The Florida Panthers have played their home games at what is now Amerant Bank Arena since its opening in 1998, initially named the National Car Rental Center. The team's first game at the venue occurred on October 9, 1998. Prior to the move, the Panthers shared Miami Arena with the NBA's Miami Heat from their inaugural 1993-94 season. During the early years of their tenure (1998–2010), the Panthers experienced a decade of competitive struggles, marked by consistent missing of the and fluctuating . The arena hosted significant NHL events, including the 2003 All-Star Game, the 2001 NHL Entry Draft, and the 2015 NHL Entry Draft. hit lows, such as the 2014–15 home opener drawing only 11,419 fans, reflecting broader challenges in building a sustained fanbase in . The Panthers' fortunes improved in recent seasons, culminating in Stanley Cup victories in 2024 and 2025, establishing them as back-to-back champions. The 2024 championship ring ceremony was held at the arena on October 7, 2024, with the second Cup banner raised before the 2025-26 home opener against the Chicago Blackhawks on October 7, 2025. Deep playoff runs, particularly in 2023-24, drove record-breaking attendance, surpassing the team's previous single-season home total and boosting ticket revenue by 50%. By the 2024-25 season, average attendance reached 19,181 per game, ranking among the NHL's highest and reflecting intensified fan engagement. Facility upgrades have supported the team's rise, including a massive new center-hung debuted for the 2025-26 season opener. The arena's role as the Panthers' exclusive home has solidified its status as South Florida's premier hockey venue, with playoff atmospheres noted for high energy levels.

Other professional sports teams and leagues

The arena has hosted several short-lived professional teams from minor leagues beyond the Florida Panthers' primary NHL tenancy. The Florida ThunderCats, an club in the National Professional Soccer League, played their home matches at the venue from 1998 to 1999 during its inaugural operating years as the National Car Rental Center. In , the competed in the developmental league, affiliated with the , holding home games there from 2001 to 2002 before relocating and eventually folding. saw the Florida Pit Bulls of the use the facility for their 2005–2006 season, though the team struggled with attendance and financial issues, leading to its dissolution shortly thereafter. Women's professional football teams from the Lingerie Football League (later Legends Football League) also utilized the arena as a home venue. The Miami Caliente played select games at BB&T Center in 2009 and 2010, drawing niche audiences amid the league's emphasis on entertainment over traditional athletics. Similarly, the Miami Majesty, another LFL franchise, hosted matches there around 2011 before the league suspended operations. These minor-league tenancies were transient, typically lasting one to two seasons each, and did not achieve sustained viability or significant fan bases comparable to major-league sports.

Events and Programming

Major concerts and entertainment

The arena has hosted numerous high-profile concerts since its inception, featuring a diverse array of international artists and drawing significant crowds to its 19,000-plus capacity for end-stage configurations. It opened to the public on October 3, 1998, with a performance by as part of her World Tour, marking the venue's debut as the National Car Rental Center. Prominent rock and pop acts have included , who played two shows on March 24 and 26, 2001, during their . delivered multiple performances, such as on December 31, 2015, which extended into the early hours with guest appearances by and , and another on December 31, 2016. performed on July 22, 2007, while took the stage on April 26, 2008. More recent concerts have featured on October 8, 2021, as part of his , and Journey with Toto on February 12, 2024. Beyond rock and pop, the venue has accommodated country and R&B stars like and , contributing to its ranking among top-grossing U.S. arenas in select years. Entertainment events extend to family-oriented productions, with recurring annual shows by , known for elaborate holiday-themed performances, and . These events often achieve near-capacity attendance, underscoring the arena's versatility for large-scale entertainment.

Combat sports and wrestling

The arena has hosted events, including the inaugural UFC event there, UFC Fight Night: Jacaré vs. Hermansson, on April 27, 2019, featuring a main event bout between and . Earlier, under the BankAtlantic Center name, it hosted EliteXC: Heat on October 4, 2008, which included a bout between and that ended in a 14-second victory for Petruzelli. Boxing cards have also taken place, such as the June 1, 2013, event headlined by a welterweight clash between Sadam Ali (as part of a broader card including Luis Carlos Abregu vs. Jesus Carlos Vargas) and the November 26, 2013, heavyweight main event between Roy Jones Jr. and Bobby Gunn (billed as Tarver vs. Sheppard in some listings, reflecting promoter variations). More recently, Bare Knuckle Fighting Championship (BKFC) held its Ice Wars 3 event on October 10, 2025, featuring bare-knuckle bouts simulated as hockey fights on ice, headlined by Nick Laporte vs. Sebastien Lafferière. Professional wrestling promotions, particularly , have frequently utilized the venue for televised and live events since its opening, including Monday Night Raw episodes and pay-per-views like in 1999 and 2000. A recent example is WWE Monday Night Raw on August 19, 2025, featuring wrestlers such as , , , and . Earlier, WCW aired Monday Nitro from the arena on November 2, 1998. These events typically draw capacities near the arena's 19,000-seat configuration for sports, adapting the floor setup for ring installations and audience proximity.

Specialty events and rodeos

The Amerant Bank Arena has hosted professional events as part of the (PBR) Team Series, featuring the Florida Freedom, the state's inaugural professional team. These competitions, branded as PBR Freedom Days, involve high-stakes matches where riders attempt to stay mounted for eight seconds, scored on control, style, and bull performance. The events span three days, with sessions beginning at 7:45 p.m. ET on Fridays, 6:45 p.m. ET on Saturdays, and 1:45 p.m. ET on Sundays. The Florida Freedom's homestands at the arena mark a regular fixture in the league's schedule, with the 2025 edition scheduled for August 8–10, representing the team's return for the series' fourth season. Tickets for these events went on sale December 3, 2024, at 10 a.m. ET, underscoring the venue's adaptation for rodeo-style setups, including dirt flooring over the and handling facilities. Prior iterations have drawn crowds for the intense, timed rides and team-based format, distinguishing them from traditional individual rodeos. Beyond PBR, the arena's configuration supports broader and specialty equestrian events, leveraging its 19,250-seat capacity and convertible floor for dirt arenas suitable for competitions. Historical usage includes accommodations for formats alongside other non-hockey programming, though specific non-PBR dates remain less documented in public records. These events contribute to the venue's diverse programming, attracting audiences interested in Western sports traditions adapted to an indoor multipurpose facility.

Facilities and Operations

Capacity and seating configuration

Amerant Bank Arena features a multi-tiered seating bowl designed to accommodate varying event formats, with a total capacity that adjusts based on stage or floor setups. The venue includes a lower bowl (sections 101–140), club and suite levels (200s), and an upper bowl (300s and 400s), surrounding a 17,000-square-foot arena floor suitable for ice rinks, courts, or stages. For National Hockey League games, the arena configures to 19,250 seats, with the positioned to maximize sightlines from all levels, including elevated vantage points in the upper bowl and premium club seating. Basketball events utilize 20,737 seats by placing the court centrally on the floor, allowing additional temporary seating or standing areas when needed. Concert capacities vary significantly by production: end-stage setups reduce attendance to 12,500–19,000 by blocking lower sections for staging and production, while center-stage or in-the-round formats can reach up to 19,500 or, in optimal configurations, 23,000 with floor seating. Premium options include 70 luxury suites accommodating 15–20 guests each, primarily on the club level, offering private access and enhanced amenities. The flexible design enables rapid reconfiguration between events, supported by the arena's 872,000-square-foot footprint.

Amenities and visitor services

Amerant Bank Arena provides a range of visitor services, including a guest services desk located in the North entrance lobby where attendees can voice compliments, comments, or concerns during events. The facility enforces a strict no-bags policy, permitting only small clutches measuring 4 inches by 6 inches or smaller, while prohibiting purses, backpacks, and larger items to enhance and expedite entry. Outside and beverages, including alcohol, are not permitted, with all concessions handled internally. Parking options include general lots accessed via Gates 1 or 7 for the D lot, club and VIP parking through designated gates such as 1, 2, or 5, and separate areas for buses and limousines. The arena is fully cashless, requiring credit or debit cards for all transactions, including and concessions. Digital tickets are mandatory for many events, with contactless mobile entry to streamline access. Concessions are available throughout the venue, offering diverse menus tailored to events like Florida Panthers games, with specialty options including Cuban sandwiches, barbecue, and seafood at select stands. Notable dining areas include the Funky Buddha Brewery Tap Room near the main entrance for craft beers, the Jameson Crossbar for premium drinks, and the Patrón Patio as an outdoor space for beverages and socializing. Premium amenities feature club-level seating such as the Dialpad Club Level with lounge access and lower-bowl views, the Corona Beach House providing food and networking in a relaxed setting, and The Amerant Vault for upscale entertainment. Suites offer private spaces for business or events, equipped with customizable in-suite menus arranged via dedicated catering services. Six elevators in the Plaza lobby facilitate access to suite and club levels. Accessibility services include designated ADA seating across all levels, including floor sections varying by event, with up to three companion seats per disabled guest and options for visually or hearing-impaired accommodations. Wheelchair storage and escorts are available, along with ASL interpreters upon two weeks' notice; transportation assistance via Broward County's TOPS paratransit service supports mobility needs. ADA parking is provided in close proximity to entrances, with all gates featuring accessible entry points. Inquiries for accessible seating or services can be directed to the box office at 954-835-7469 or [email protected].

Accessibility and infrastructure

Amerant Bank Arena complies with the Americans with Disabilities Act (ADA), offering accessible seating on every level for all events. Accessible seats, including companion options, can be purchased via or by calling (954) 835-7469. The venue's website adheres to WCAG Level AA standards to ensure digital accessibility for users with disabilities. The arena's infrastructure supports high-volume vehicular access, located adjacent to major highways including Interstate 595, Interstate 75, Interstate 95, and the Sawgrass Expressway. Parking encompasses multiple surface lots (A1-A4, B1-B3, C1, D1-D3) and garages, with entry permitted about two hours before events and flows in garages. Buses enter via Gates 1 or 7 and park in Lot D2, while limousines and vehicles occupying over two spaces face a . Pedestrians access the grounds through Gate 6, following sidewalks to stairs at the front entrance; Gate 5 serves as an alternative pedestrian route.

Economic Impact and Public Role

Contributions to local economy

The Amerant Bank Arena contributes to the local economy of Sunrise and Broward County primarily through visitor spending associated with hockey games, concerts, and other events, which supports sectors like hospitality, dining, and retail. During the Panthers' 2024 Stanley Cup Finals, the team's four home games at the arena generated an estimated economic impact of between $2.5 million and $11 million for Broward County from fan expenditures on lodging, food, transportation, and merchandise, with a broader study attributing $110 million in total activity to the playoff run including induced effects. Prior Panthers playoff appearances, including the 2023 Finals, collectively produced over $100 million in positive economic effects for the county, driven by similar out-of-town attendance and ancillary spending. The venue's regular programming, encompassing over 100 home games and dozens of non-hockey events annually, sustains ongoing economic activity by drawing regional and tourist dollars that circulate through local businesses. Arena operations employ staff for events and maintenance, while event-related jobs in security, concessions, and setup provide temporary employment spikes, particularly during peak seasons like NHL playoffs or major tours. However, empirical analyses of sports arenas indicate that such gross impacts often reflect redirected local spending rather than net new growth, with multipliers in impact studies potentially overstating causal contributions amid opportunity costs for alternative public investments. Broward County officials highlight the arena's role in elevating Sunrise as an entertainment hub, with sustained partnerships ensuring long-term event programming that bolsters tax revenues from sales and tourism-related fees. Despite these benefits, independent reviews question the magnitude of localized gains, noting that fan spending patterns—such as high per-game outlays implied in some estimates—may not consistently translate to broader economic multipliers without displacing other leisure expenditures.

Public funding mechanisms and fiscal debates

The construction of the arena, originally named the Center, was financed primarily through public mechanisms totaling approximately $185 million in 1998. Broward County issued municipal bonds amounting to $184 million, secured by a of revenue sources including a 2% increase in the county's Tourist Development Tax (projected to yield about $8 million annually), a 1% hike in the Broward County , revenues from arena operations, and contributions from Florida's team rebate program, which provided an additional $10 million. These bonds were supplemented by roughly $20 million in construction-period tax collections, $11.3 million in investment income, and $5 million from miscellaneous sources, ensuring the project relied minimally on direct general taxpayer funds but leveraged dedicated levies on visitors and sales. Ongoing operations and capital improvements have involved recurrent public subsidies, often framed by team owners as necessary to offset reported annual losses of $20–30 million in the early . In 2012, Broward County extended a $7.7 million low-interest loan to the for facility enhancements, despite commissioner concerns over the deal's imbalance favoring the team. By 2015, the county approved an $86 million package in tourism taxes for upgrades and event incentives, adding to prior subsidies estimated at $254 million and prompting debates over the cumulative $342 million public in a venue generating limited net economic returns for residents. Critics, including local media and fiscal watchdogs, argued that such allocations prioritized private interests over core public services, especially given the Panthers' inconsistent attendance and profitability. Recent lease extensions have intensified fiscal scrutiny. In September 2024, Broward County commissioners unanimously approved a nine-year amendment through 2033, with an option to extend to 2049, under which the county commits $25 million annually—sourced from the 6% Tourist Development Tax paid predominantly by non-residents—for capital expenditures and operational costs, while the Panthers contribute $51.5 million upfront to retire remaining arena . Proponents cite the deal's structure, which shifts some burden to the team and leverages visitor taxes, as a pragmatic retention strategy amid relocation threats; however, opponents highlight the absence of rigorous economic impact audits and question the rationale for continued subsidies to a now-profitable franchise, particularly as similar NHL venues elsewhere have reduced public reliance.

References

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