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The city of Atlanta has yet to propose a plan for a new arena for the Hawks. This comes four months after the city "vowed to wage a spirited campaign" to keep the team from moving to a state-of-the art arena in the north suburbs. Although Mayor Campbell set up a special city/Fulton County task force to form a proposal, discussions between the Hawks and the council have been "infrequent." Hawks VP Lee Douglas said they have "a lot of activity going on" and that there have been talks with IHL Atlanta Knights owner Richard Adler about a possible joint venture in Alpharetta. The Hawks have been looking at several proposals for an arena/ amphitheater complex at several suburban areas, and two downtown sites (Ailene Voisin, ATLANTA CONSTITUTION, 9/24).
Gordon Gund, principal owner of the Cavaliers, is "paying $14M over 20 years to have the Gateway arena named the Gund Arena." Four other entities bid for naming rights, although only KeyCorp and McDonald & Co. Securities Inc. were "publicly linked to negotiations." Gund will pay the same price that Indians owner Richard Jacobs paid for the rights to Cleveland's new baseball stadium. The $28M from the two deals will help pay off a $120M loan from Cuyahoga County (Harry Stainer, Cleveland PLAIN DEALER, 9/25).