Judge: No Vote Needed For Rams Stadium Funds Cowboys' Frisco Development On Track Nassau Hosts Billy Joel Before Renovations Fenway's Garden Used In Some Ballpark Dishes Ohio State Planning Major Facility Projects Penn State Considering Football Upgrades Facility Notes City Of Oakland Faces Tough Raiders Decision Orlando City Unveils 25,500-Stadium Plan Populous To Design New DC United Stadium
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).