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Charter school backed by Pitbull buys historic downtown Miami theater for just $10

Pitbull's Slam school must make $77 million in repairs in next five years as part of deal for Olympia Theater
The Olympia Theater in downtown Miami has been sold to Pitbull's Slam charter school. The theater is expected to be renovated, while the school will operate in the adjoining 10-story office building. (Joshua S. Andino/CoStar)
The Olympia Theater in downtown Miami has been sold to Pitbull's Slam charter school. The theater is expected to be renovated, while the school will operate in the adjoining 10-story office building. (Joshua S. Andino/CoStar)
CoStar News
September 29, 2025 | 6:23 P.M.

There are just three atmospheric theaters left in Florida and in an effort to save the one in Miami, officials approved the sale of the city’s historic downtown theater for just $10 to a charter school founded by Grammy Award-winning artist Pitbull.

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