Renderings Released For Raiders-Chargers Stadium STL Task Force Expects Stadium Plans By Fall Sonoma Drops Plans For Music Festival Tottenham Eyes Sharing Stadium With NFL Team Vikings Stadium To Feature Fantasy Club Space St. Louis Rep Optimistic After Stadium Presentation S.F. Law May Ban Tobacco At AT&T Park New Tech Changing Ballpark Designs K.C. Star Demands Aramark Fix Food Issues Carson OKs Chargers-Raiders Stadium Plan
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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).