the total public expenditure is likely to be $160 million or more. Last week, the County said it was considering borrowing $40 million in additional money to hand over to the Cavs to pay for arena.
Plans for a Quicken Loans Arena renovation are now moving forward, as the Cleveland Cavaliers have affirmed their commitment to the project. Late last month, amidst a push to make the City of Cleveland’s financial contribution the subject of a voter referendum, the Cavaliers announced that they would withdraw their participation in a proposed $140 million renovation of the arena.
Starting Thursday, the healthier-than-you-think fast food joint is bringing back its Steal a Game, Steal a Taco promotion in honor of the NBA Finals, which sees the Cleveland Cavaliers take on the.
Mangano and Wang proposed borrowing the money. capital repairs of up to $500,000 a year once the arena is finished. Revenue projections of $28.2 million in the first year of operations, which were.
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Cavs CEO Len Komoroski gives the background on the Q’s transformation. cavs ceo len komoroski gives the background on the Q’s transformation. Skip navigation Sign in. Search.
Cavaliers want to expand quicken loans arena. But the county is already carrying a $1 billion outstanding debt, meaning their credit card is maxed. The sin tax on alcohol and cigarettes, which was used to build Gateway Plaza and re-approved by voters two years ago to fund upgrades, isn’t an option because it’s earmarked for general maintenance issues on the city’s three sports venues.
Other work will include window replacements, upgrades to the elevators and escalators and replacement of the arena bowl curtains. that the Cavaliers have fronted the money for much of the work,
County Preparing to Borrow Even More Money to Pay Cavs for Arena Repairs Cavaliers scuttle plans for $140M makeover of Quicken Loans Arena. The cuyahoga county progressive Caucus, which had been leading the fight to stop the renovation, said in a statement it was "very pleased" with the Cavs’ decision.