As part of its sponsorship arrangement, American Airlines had a giant aircraft painted atop the arena's roof, with an American Airlines logo in the center. The design is visible from airplanes taking off and landing at Miami International Airport, where American has a hub. The arena also has luxury skyboxes called "Flagship Lounges", a trademark originally used for American's premium-class lounges at certain airports.

Local sportscasters often referred to the arena as the "Triple-A". Some sports reporters on the local news stations such as WSVN have referred to the arena as "A3" (A cubed). The arena is known for its unusual scoreboard, designed by Artist Christopher Janney. Drawing on the underwater anemone forms, the scoreboard also changes colors depending on the atmosphere. For concerts in an arena configuration, end stage capacity is 12,202 for 180° shows, 15,402 for 270° shows, 18,309 for 360° shows. For center stage concerts the arena can seat 19,146.

The Miami Heat has not had to pay to use the $357-million venue, which sits on $38 million of county land; the county has paid $64 million in operating subsidies. "It was never a good deal," says former Miami-Dade Commissioner Katy Sorenson, who opposed the new arena in 1996. "There are certain politicians who just get stars in their eyes and don't really think about what the real cost is going to be."

WTVJ, the city's NBC owned-and-operated station in Miami, had their Downtown Miami Studios in the back of the arena from 2001 till 2011.

🏟️