CLEVELAND, Ohio -- Cleveland City Council on Monday evening voted to pass a proposal to renovate Quicken Loans Arena. The vote passed 12-5.
Earlier on Monday, Cleveland leaders announced three changes to the proposal to renovate Quicken Loans Arena.
First: The Cleveland Cavaliers have guaranteed that for every dollar of admission tax that goes to debt financing of the Q restoration project, a dollar will go the city's general fund.
Second: The Cavaliers have agreed to restore every surface of every basketball court in Cleveland's recreation centers throughout the city.
Third: The Cavs are going to partner with Habitat for Humanity, and use proceeds from watch parties to work with Habitat to restore 100 homes in three years in our communities.
Cleveland City Council postponed a vote last week and scheduled it for tonight.
The project would add a glass enclosure and expand the building.
Funding on the $140 million project would be split among the Cavs, Cuyahoga County and the city.
County leaders approved the proposal last month.
While it's expected to pass, those against the project say the money should be used in struggling communities that surround the downtown area.
Cleveland's share of the project would be about $88 million paid over 11 years starting in 2024.
The deal commits the Cavaliers to extend its lease at the Q arena to 2034. The portion of admission taxes will be in effect during those years.
Supporters of the project believe the 22-year-old arena – home of the Cavaliers and a venue for popular concerts -- needs upgrades to continue to draw top entertainment acts.