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Industry News

Cavaliers’ Quicken Loans Arena to see renovations after council vote

The home of NBA basketball franchise the Cleveland Cavaliers, Quicken Loans Arena, is set to be renovated after a proposal was passed by the city council yesterday (Monday).

The $140m (€129m/£109m) stadium improvements would include expanding the building and adding a glass enclosure. Costs would be divided amongst the Cavaliers, Cuyahoga County and the city.

Cleveland leaders voted 12-5 in favour of refurbishing the stadium, although the Cleveland Fox 8 news website reported that several amendments were made to the original bill. These include the Cavaliers warranting that a dollar will go into the city’s general fund for every dollar of admission tax that goes to debt financing the project.

Additionally, the franchise has confirmed it will restore every basketball court surface in Cleveland’s recreational centres.

Another change to the proposal would see the Cavaliers partner with international non-profit organisation Habitat for Humanity. It would entail any profits made from the team’s watch parties going to the group to support the restoration of 100 homes in Cleveland communities over three years.

From 2024, the city would pay almost $88m over 11 years for the project, with the proposal meaning the NBA team would be extending its lease at the 22-year-old Quicken Loans Arena until 2034.