Florida Panthers Extend Lease with Broward County
Florida Panthers Extend Lease with Broward County
Florida Panthers Extend Lease with Broward County
News summary

The Florida Panthers have secured a lease extension for Amerant Bank Arena, ensuring their presence in Sunrise, Florida, through at least 2033, with potential extensions bringing the total to 19 years. The Broward County Commission unanimously approved a five-year extension of their Arena Operating Agreement, which includes a $51.5 million upfront payment from the Panthers to address the arena's debt. Additionally, the county will allocate $25 million annually for arena maintenance and operations, funded primarily through a tourism development tax. This partnership reinforces the Panthers' commitment to the local community, promoting economic growth and cultural vibrancy. Although there were rumors of a new arena in Fort Lauderdale, this agreement solidifies the Panthers' future in Sunrise. The final agreement is pending formal commission approval, but both sides express optimism about the partnership's benefits.

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