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Volume 26 No. 7
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Dan Gilbert Pledges $45M More For Renovations At The Q

Cavaliers Owner Dan Gilbert is committing an additional $45M toward the "transformation of Quicken Loans Arena, making the renovation of the nearly 25-year-old building" a $185M project. This "raises the team's funding commitment" to more than $115M and is being made "without any additional public funding." The Cavaliers' portion of the funding "will cover all non-public space, including premium seating, locker rooms and team offices, audio-visual equipment, lighting and multimedia upgrades, as well as a significant portion of the public space updates, which includes concourse improvements and square footage increases" (CRAINSCLEVELAND.com, 9/18).