DOWNTOWN CLEVELAND, OH (WOIO) –
A $140 million transformation is coming to Quicken Loans Arena.
Officials said the Cavs approached the city several months back, asking if they would assist in this transformation. They also offered to foot $70 million of the bill.
Budish says it was an easy decision being that The Q is the largest economic driver in our region.
Taxpayers will not pay for any of the improvements, most of the funds will come from revenue streams that already exist.
The Q would remain open during construction, which would begin in 2017 and take approximately two years.
As part of the reconstruction, the building would be modernized with a glass front and public gathering spaces would be added.
READ MORE: Cleveland19.com
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