Vikings Stadium Funds Coming From Charitable Gaming Ratner To Submit Nassau Coliseum Plan Cavs Won't Make Tix Holders Buy Playoff Seats Penguins Unveil Plans For Civic Arena Site Crandon Park Tennis Center Expansions In Doubt Mizzou Unveils Arena Renovation Project 49ers-Backed Tech Startup Looks For New Business Facility Notes Arizona State To Build Student-Athlete Center Detroit Approves $450M For Arena Bonds
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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).