Florida Panthers Extend Operating Agreement with Broward

The Florida Panthers have secured their future in Broward County by extending their operating agreement for an additional five years, ensuring their presence in the area through 2033, with options to extend further until 2043. The agreement, unanimously approved by the Broward County Commission, includes a $51.5 million payment from the Panthers to eliminate existing debt on the county-owned Amerant Bank Arena. In return, the county will allocate $25 million annually for arena maintenance and operations, funded primarily through tourism taxes. The Panthers also gain exclusive rights to propose development plans for the arena's surrounding area and commit to community investments, including a $11.7 million donation towards local initiatives. Panthers leadership expressed excitement about the partnership, highlighting its potential for economic and cultural growth in the region. The finalized terms are expected to be smooth, reflecting a strong public-private partnership beneficial to both parties.