![]() Rocket Mortgage FieldHouse is one of the most booked venues in the country and, as a result, Bonavita said, experiences a lot of wear and tear. The cost for replacing them is estimated at $9.8 million. The elevators and escalators are 29 years old and at the end of their useful lives, Cavaliers Vice President for Venue Operations Antony Bonavita wrote the Gateway board in a letter. But team officials said on Wednesday that parts of the facility untouched by renovations are now long out of date. The city and county helped pay for a major overhaul at what was then Quicken Loans Arena in 2017. The Cavaliers have already spent $82 million of their share of the sin tax, leaving just $10 million remaining, Silliman said. ![]() Cuyahoga County borrowed against future tax proceeds to provide more cash up front for repairs. ![]() The Browns, Cavaliers and now-named Guardians split the windfall three ways, meaning each facility would receive $92 million for repairs over the 20 year lifespan of the tax. They renewed the tax in 2014 to pay for major repairs at all three of Cleveland’s major-league facilities. ![]() Gateway’s board will consider the request again at a meeting in August.Ĭuyahoga County first approved the sin tax to fund construction of the then-named Gund Arena and Jacobs Field in the early 1990s. “That means that someone – city, county, state, whoever – is going to have to come up with a new funding source not identified previously to cover the cost of this,” he said. But the team has only $10 million left of its cut of the sin tax, Gateway Chairman Ken Silliman told team officials at a board meeting Wednesday. The NBA franchise is asking Gateway to approve $28 million to replace the arena’s elevators and escalators and upgrade the broadcast control room. ![]()
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