Last Updated: August 11, 2004 03:08pm ET

Broward Yacht Takes Miami Arena With $28M Bid

By Melissa Bogdany

MIAMI-Two “sophisticated investors”--Hank Sopher and Broward Yacht president Glenn Straub--participated in the lengthy auction, says Louis B. Fisher III, who handled the auction. If approved by the Miami Sports and Exhibition Authority, the 337,000-sf arena will command $83.12 per sf.

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