Top Miami Heat Group executive accepts NY Jets football post
Jay Cross, who saw the Heat Group through the development of American
Airlines Arena, is leaving his job as president of business operations
this week to become president of a company that will develop a stadium
for the NFL's New York Jets.
group spokesman said Miami Heat Vice President Eric Woolworth has
been named interim president.
Cross, who was originally hired in 1996 to oversee stadium development,
came to Miami after a two-year stint shepherding development of the
Air Canada Centre, home of the NBA's Toronto Raptors, according to
information provided by The Heat.
contributions, including the realization of the American Airlines
Arena, have been immeasurable," said Mickey Arison, managing
partner. "I know all of us at The Heat, including Coach Pat Riley
and the players, all thank him for his valuable counsel over the years.
We wish him the very best of luck in his new venture."
Cross is credited with the complex assembly of the land where the
stadium now stands. This involved defeating a 1996 referendum to forestall
development in Bayfront Park.
also masterminded an unusual public-private partnership between The
Heat and Miami-Dade County the county getting 100% ownership,
the private sector footing 100% of construction costs through $184
million in bonds.
his appointment to his current position in 1997, Mr. Cross has expanded
The Heat Group to include management of the Women's National Basketball
Association's Miami Sol and a portfolio of real estate holdings around
the arena, an area that has come to be known as Heat Street.
deals in that area so far include Gloria and Emilio Estefan's recently
opened Bongos Cuban Cafă and a 700,000-square-foot Technology Center
of the Americas to be developed by Terremark.