Short answers, pulled from the story.
The Kia Center opened on the 29th of September 2006 after city officials and team owners agreed on a location at the southwest corner of Church Street and Hughey Avenue. The project carried a total price tag of $480 million when land and infrastructure costs were included.
City officials own the building while the Magic control planning and construction under a public-private partnership structure. The deal required the Magic to contribute at least $50 million in cash upfront plus any cost overruns.
The venue holds up to 18,846 spectators for NBA matches and up to 20,000 spectators for NCAA basketball games. Concession points of sale operate at a ratio of one per 150 spectators inside the facility.
The Magic agreed to pay an annual rent of $1 million for thirty years as part of the financing agreement. Financing relied heavily on bonds paid off by a hotel tax surcharge raised to 6% in 2006.
On the 20th of December 2023 the organization officially renamed the facility the Kia Center through a partnership with Kia America. This transition marked a significant shift in corporate sponsorship after more than fourteen years under the original name.