The NBA’s Cleveland Cavaliers have unveiled plans for a $140m upgrade to the Quicken Loans Arena.
The project will improve and significantly extend the life of Quicken Loans Arena, or The Q as it is known, as well as address important structural and operational deficiencies in the venue.
Funding for the ROSSETTI/SHoP designed project will be supported by Cuyahoga County, the City of Cleveland, the Cavs/Quicken Loans Arena organisation and Destination Cleveland.
As part of the deal, The Cleveland Cavaliers will extend their lease with The Q by seven years to the year 2034. Once the project is complete, the NBA has agreed to allow Cleveland to be a host city for the NBA All-Star week in the near future. A typical All-Star week brings $100 million in economic benefits.
The expansion of the 23-year-old venue will include a new civic entry space, as well as new dining and event spaces.
Former public areas and bottlenecks will be enlarged to remedy circulation with more intuitive navigation.
Mayor Frank G. Jackson said:
The $140 million transformation, half of which the Cavalier’s will be paying, ensures that this public facility will remain competitive in the future.
This investment provides an innovative solution for extending the use and impact of The Q for years and years to come without the need for a much more expensive new arena. In addition, the seven year extension of the Cavalier’s lease through 2034 will represent one of the longest tenures in the same facility in all of sports.
Image courtesy of the Cleveland Cavaliers