St. Pete Denies Rays' Ballpark Search Deal Levine: Yankee Stadium Can House MLS, MLB Sabres Impressed With HarborCenter Facility Braves Add Land For New Ballpark Parking Rice Univ. Upgrading Football Stadium Facility Notes DC United Finalizes New Stadium Approval Redskins Nix Chinese-Built Wi-Fi System Deal NASL Team Owner Discusses MLS Plans Vinik Unveils Building Plan Near Amalie Arena
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).