Cuyahoga County Executive Armond Budish sat down with WKYC Channel 3’s Tom Beres to talk about discussions with the Cleveland Cavaliers’ proposal to make $140 million of improvements at Quicken Loans Arena.
The team is not talking.
But Budish acknowledged the negotiations have been ongoing since last year. “No decisions have been made, no agreements have been made, just conversations,” he said.
He said the team is seeking a 50-50 split of costs. “That’s the request,” he said.
So where could the county’s possible share of public funding come from?
Voters two years ago passed a 20-year extension of the sin tax.
The county just issued $60 million-plus worth of bonds to fund a new roof at The Q and a new scoreboard and other improvements at Progressive Field.