The Cleveland Cavaliers will host a press conference at 12:30 p.m. Tuesday to make a ‘major announcement’ on the future of Quicken Loans Arena.
WKYC has confirmed that the arena is set to be renamed Rocket Mortgage FieldHouse.
Among those scheduled to take part in the announcement are: Cavaliers Owner Dan Gilbert, Quicken Loans CEO Jay Farner, Cleveland Mayor Frank Jackson, Cuyahoga County Executive Armond Budish, Cavaliers and Quicken Loans Arena CEO Len Komoroski, and Cavs General Manager Koby Altman.
Still currently ongoing, the renovations at ‘The Q’ are expected to be finished in time for the start of the 2019-20 NBA season. Gilbert provided an additional $45 million to the project, bringing the cost of the project — which is being split between the team and city — to $185 million.
The arena will host the NBA All-Star Game in 2022.