Oakland Teams Still Searching For New Venues Orlando City SC Backs Off From Park Demands Facility Notes Wolff Considering Temporary Bay Area Ballpark Royal Caribbean Against PortMiami MLS Stadium City Of St. Paul Approves Downtown Ballpark Indians See Slight Increase In Season-Tickets One Daytona Scores Another $20M Grant UK To Ink Long-Term Rupp Arena Lease Questions Arise On Soldier Field Expansion
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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).