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Cavs Sweeten the Pot in a Bid for More Support for City Financing for Q Renovation

The Cavs have sweetened the deal with Cleveland to help pay for Q upgrades
Ouicken Loans Arena
The Cavs have sweetened the deal with Cleveland to help pay for Q upgrades

Ahead of tonight鈥檚 scheduled Cleveland City Council vote, city officials and the Cavaliers have announced enhancements to the financing deal to upgrade . Some groups have opposed spending tax dollars on Q renovations unless the same amount is spent on neighborhood projects.                                        

The Cavs will refurbish the city鈥檚 22 rec center basketball courts in exchange for the city鈥檚 commitment of $88 million.  And says the team now guarantees that the same amount of admissions tax dollars used for upgrades will be returned to the city.                                   

鈥淎nd by the way, we鈥檝e heard people loud and clear about concerns of how public dollars are spent, and that鈥檚 why that guarantee was so important to me. To make sure that the public knows that if there鈥檚 a dollar spent on this project, one dollar goes into our general fund which pays police officers, it pays firefighters, it pays EMS, it maintains our parks.鈥

The Cavaliers will also contribute all proceeds from the team鈥檚 away-game watch parties to to renovate 100 Cleveland homes over three years.  Cuyahoga County has already approved spending its share on the Q renovations. Backers says the facility must be upgraded to stay competitive with other arenas.

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Kevin Niedermier
Kevin was raised in New Washington in rural North Central Ohio. He attended Bowling Green State University and Ashland College (now Ashland University) before beginning his career in commercial radio news.