Miami-Dade Arena (known as American Airlines Arena from 1999 to 2021, and FTX Arena from 2021 to 2023) is a multi-purpose arena located in Miami, Florida, along Biscayne Bay. It was constructed beginning in 1998 as a replacement for the Miami Arena and designed by the architecture firms Arquitectonica and 360 Architecture. The arena is home to the Miami Heat of the National Basketball Association.The arena is directly served by the Miami Metrorail at Government Center station via free transfers to Metromover Omni Loop, providing direct service to Freedom Tower and Park West stations. The arena is also within walking distance from the Historic Overtown/Lyric Theatre Metrorail station.The arena has 2,105 club seats, 80 luxury suites, and 76 private boxes. The Waterfront Theater, Florida's largest theater, is housed within the arena and seats between 3,000 and 5,800 patrons. The theater can be configured for concerts, family events, musical theatre and other stage shows. American Airlines, which has a hub at Miami International Airport, maintains a travel center at the venue.In September 2019, it was reported that the arena would have a new name in 2020. In March 2021, FTX, a cryptocurrency exchange, acquired the naming rights to the arena for $135 million. The NBA approved the deal in early April, and the arena was fully renamed to FTX Arena in June 2021.In November 2022, following the bankruptcy of FTX, the naming rights deal for the arena was terminated with Miami–Dade County, and the Heat are seeking to strip the FTX branding off the arena and find a new naming rights partner as soon as legally possible.The naming rights deal was fully terminated as of January 11, 2023.Miami-Dade Arena opened as the American Airlines Arena on December 31, 1999, and its construction cost was $213 million. Architectural design team members included George Heinlein, Cristian Petschen, Reinaldo Borges, and Lance Simon. The arena's opening was inaugurated with a concert by Gloria Estefan. Two days later, on January 2, 2000, the Miami Heat played its first game in the new arena by defeating the Orlando Magic 111–103.As part of its sponsorship arrangement, American Airlines had a giant aircraft painted atop the arena's roof, with an American Airlines logo in the center. The design is visible from airplanes taking off and landing at Miami International Airport, where American has a hub. The arena also has luxury skyboxes called "Flagship Lounges", a trademark originally used for American's premium-class lounges at certain airports.Local sportscasters often referred to the arena as the "Triple-A". Some sports reporters on the local news stations such as WSVN have referred to the arena as "A3" (A cubed). The arena is known for its unusual scoreboard, designed by artist Christopher Janney. Drawing on the underwater anemone forms, the scoreboard also changes colors depending on the atmosphere. For concerts in an arena configuration, end stage capacity is 12,202 for 180° shows, 15,402 for 270° shows, and 18,309 for 360° shows. For center stage concerts the arena can seat 19,146.The Miami Heat has not had to pay to use the $357 million venue,[why?] which sits on $38 million of county land; the county has paid $64 million in operating subsidies. "It was never a good deal," says former Miami-Dade Commissioner Katy Sorenson, who opposed the new arena in 1996. "There are certain politicians who just get stars in their eyes and don't really think about what the real cost is going to be."WTVJ, the city's NBC owned-and-operated station in Miami, had their Downtown Miami Studios in the back of the arena from 2001 till 2011.On September 10, 2019, it was reported that American Airlines said that it would not renew its naming rights upon expiration at the end of 2019. The new naming rights contract with a sponsor, which at that time had yet to be determined, would be a ten-year/six-month deal lasting from January 1, 2020, to June 30, 2030 (to time with the end of the 2029–30 NBA season). As of December 2020, the naming rights had not been sold, and the arena continued to use the American Airlines Arena name. The American Airlines Arena court decals were removed from the Heat's floor before the 2020–21 season and replaced temporarily with the logo of team/league vehicle sponsor Kia Motors. In March 2021, FTX, a cryptocurrency exchange platform, acquired the naming rights to the arena for $135 million. The NBA approved the deal in early April, and the new name of FTX Arena was fully adopted in June 2021, just after the Miami Heat were swept by the Milwaukee Bucks in the first round of the 2021 NBA playoffs.
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