The Cavs announced plans for a $140-million arena renovation, and the NBA has promised Cleveland the All-Star Game once that’s completed.
#Cavs have announced plans for $140 million renovation of Quicken Loans Arena, their downtown home since 1994.
— Tom Withers (@twithersAP) December 13, 2016
#Cavs will extend lease with The Q to 2034. Once project complete, team said NBA has agreed to allow Cleveland to host All-Star week.
— Tom Withers (@twithersAP) December 13, 2016
The city expects to host ASW as early as 2020.
The midseason extravaganza is expected to bring roughly $100 million in economic impact to the city, based on studies following All-Star in Orlando (2012) and New Orleans (2014).
Per the NEOMG:
“The NBA is very supportive of the Quicken Loans Arena transformation project which we believe will greatly benefit the entire Cleveland community,” NBA Deputy Commissioner Mark Tatum said. “We understand the impact this project will have in continuing the great momentum we have all seen recently in the city. We look forward to holding our week of NBA All-Star events in Cleveland in the near future following the successful completion of The Q transformation project.”
The arena’s $140 million in renovations are expected to be completed in late 2019. Work will be done around events and games, he said.
NBA Commissioner Adam Silver wants upgrades to The Q before Cleveland lands All-Star Weekend. […] “We’re very excited about returning to Cleveland at some point for an All-Star game,” Silver said (back in 2014.) “We know [Cavaliers’ owner] Dan Gilbert would very much like it to happen and I think it’s just a function of when. Making sure that the timing is right in terms of the upgrades to the building.”
