 On January 10, 2008, it was announced that philanthropist and business leader Adrienne Arsht donated $30 million to the facility that would make it financially stable.In recognition for the gift, the former Carnival Center for the Performing Arts was renamed "The Adrienne Arsht Center for the Performing Arts of Miami-Dade County", or the Arsht Center for short.In December 2008, M. John Richard joined the Center as President and CEO after more than 20 years at the New Jersey Performing Arts Center (NJPAC).