NBA team: Cleveland Cavaliers
Name of arena: Quicken Loans Arena
Year arena opened: 1994
- Advertisement -
Attendance capacity of arena: 20,500
Additional amenities of arena: Attached to Progressive Field, with plaza and two parking garages; contains full Quaker Steak & Lube restaurant
Total construction cost of arena: $100 million
Funds contributed by owners of the NBA team: $14 million from Gordon Gund for 20-year naming rights.
Public funding used for arena: Excise tax on alcohol and tobacco; tax-exempt bonds
Arena naming rights deal: Undisclosed, estimated at $3 million per year.
