Favorite

Thursday, September 14, 2017

One Day Before NBA Deadline, Construction Begins at Quicken Loans Arena

Posted By on Thu, Sep 14, 2017 at 12:33 PM

COURTESY: CLEVELAND CAVALIERS
  • Courtesy: Cleveland Cavaliers
Via Crain's, construction has officially begun on the upgrades to and expansion of Quicken Loans Arena.

After a months-long battle in the court of public opinion and a successful ballot initiative (one that was abandoned when opposition leaders withdrew petitions late last month), the Cavs confirmed that work has begun.

Passersby will begin to see "fencing that has been erected to establish a perimeter for a staging area for cranes and for initial exterior foundation work that will transform the north side of the arena, along Huron Road and Ontario Street," the Cavs told Crain's.

The news arrives today, one day before a deadline imposed by the NBA. League officials had said that if construction didn't begin by Sep. 15, Cleveland would no longer be considered as a host city for the All-Star Game in 2020 or 2021.

The expansion is estimated to cost roughly $140 million before interest. The county is working on a new bond issuance — the last one fell through in the face of the voter referendum — but it's unknown when the county will have the money on hand.

Here's our Essential Q Deal Reading List.




Tags: , , , , , ,

Favorite

Comments (2)

Showing 1-2 of 2

Add a comment

 
Subscribe to this thread:
Showing 1-2 of 2

Add a comment

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Calendar

© 2017 Cleveland Scene: 737 Bolivar Rd., Suite 4100, Cleveland, OH 44115, (216) 241-7550
Logos and trademarks on this site are property of their respective owners.


Website powered by Foundation