Revolution Stadium Talks With UMass Break Off UNM, WisePies End Arena Naming-Rights Deal Memphis Breaks Ground on Football Facility Facility Notes Timbers Unveil Stadium Expansion Plan Baltimore Mayor, Stronach Group Want Pimlico Replaced No User Fee For U.S. Bank Stadium HS Games Facility Notes Officials Break Ground On Pro Football HOF Village Hotel Mercedes-Benz Stadium To Be Ready By Early August
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HAVE GUND, WILL SPONSOR
Published September 26, 1994
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).