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Article: Decoma seeks declaratory relief to enforce contract.
- Article from:
- Business Wire
- Article date:
- June 17, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIAMI--(BUSINESS WIRE)--June 17, 1996--Decoma Miami Associates Ltd., on behalf of the partners and its limited partners, has filed a declaratory judgment action in Dade County Circuit Court to ensure enforcement of its current contract with the City of Miami and the Miami Sports and Exhibition Authority (MSEA), including an agreement and promise by the City and MSEA not to sponsor a competing arena within the city boundaries so long as Decoma manages the current Miami Arena.
Approved by the Miami City Commission and MSEA in 1986, the contract engaged Decoma to build Miami Arena and manage the facility at least until the year 2005. In return, the private partnership ...