MIAMI (WSVN) - The American Airlines Arena will now have a new name: FTX Arena.
The County Commission approved a 19-year partnership with FTX to rename the home of the Miami Heat to FTX Arena.
The county approved the proposal, sponsored by Commissioner Keon Hardemon, to invest $90 million in net revenues from the partnership to go towards programs to reduce gun violence and to “expand economic prosperity for Miami-Dade residents.”
“This is a historic investment for Miami-Dade – $90 million over 19 years that we will put to use to tackle some of our most pressing challenges and build a healthier, safer community,” said Miami-Dade County Mayor Daniella Levine Cava. “We’re grateful to FTX for their investment in Miami-Dade and proud to bring this partnership home.”
FTX is a cryptocurrency exchange where customers can trade Bitcoin and other cryptocurrencies.
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