city buses also service the arena area downtown. Miami Arena was sometimes called the "Pink Elephant", because it was a white elephant with pink colored walls. In 2004, the arena was sold in a public auction to Glenn Straub, an investor from Palm Beach County, for half of the price the city of Miami paid for its original construction. On August 3, 2008, Straub announced in a television interview that the interior of the arena had been cleared out and that the building would be demolished by the end of the month. On September 21, 2008, the roof of the Miami Arena was imploded. While the exterior walls remained standing after the implosion, demolition continued until the falling of the west wall on October 21, 2008. A parking lot now exists where the arena used to stand. Seating capacity Basketball 1988–1993 – 15,008 1993–2008 – 15,200 Ice hockey/arena football 14,703 Concerts Full house: 16,627 3/4 house: 9,878 1/2 house: 7,485 In the round: 16,694 the space in arena is 1,560 Other Banquets – 500 Luxury suites – 26 Events References External links ^ "Miami Arena" Ballparks.com. Retrieved on 2009-07-21. Sports venues completed in 1988 Sports venues demolished in 2008 Basketball venues in Florida Music venues in Florida Indoor ice hockey venues in Florida Miami Heat venues Miami Hurricanes basketball venues Sports venues in Miami Defunct National Hockey League venues Former National Basketball Association venues Defunct college basketball venues in the United States Demolished music venues in the United States Defunct indoor arenas in Florida Demolished sports venues in Florida 1988 establishments in Florida 2008 disestablishments in Florida Florida Hammerheads Buildings and structures demolished by controlled implosion Florida Panthers