Cavaliers CEO: People should “make sure” to “celebrate” when we ask for $400M
Now that the Browns are moving out of the downtown area, residents are left to deal with two billionaire owners demanding countless amounts of money for upgrades. Most rational people would look at this situation and wonder why an owner like the Cleveland Cavaliers Dan Gilbert, with a net worth north of $20B, is not paying for 100% of his arena upgrades. The answer is because he knows that he doesn't have to pay for much, if anything at all, when it comes to his sports properties. He used his…
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Cleveland taxpayers voted to build sports venues, not pay for costly upgrades at the teams request
As I have written about in the past here, the Cavs and Guardians have all but hit their 20-year allotted amount (which totaled $260M for all three teams) yet still continue to demand more and more money from taxpayers. The city and county have gotten so desperate that they are approving team requests with no idea how or if the city could even afford it. Have things gotten better in the last few months? Of course not. The Cavs and Guardians want $40M for new upgrades. According to Signal…
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Cleveland is consistently paying for arena, ballpark & stadium upgrades. Now, they are approving projects without knowing how or even if they can afford it.
The city of Cleveland is going to pay for upgrades to the Rocket Mortgage FieldHouse, home of the Cleveland Cavaliers. However, the non-profit corporation who decides whether to approve these projects, Gateway Economic Development Corporation, also has no idea how, where or even if they can pay for it. Which does seem to be a slight problem?
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Why on earth did Cleveland agree to fund repairs for the Cavaliers arena?
Cleveland. For the love of all that is holy and important. Stop agreeing to pay for all capital repairs for your sports teams. It is costing you SO MUCH MONEY. Your city already has so many financial issues to worry about. Will your local banks go bankrupt? Will your local health centers continue to lose […]
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Cleveland is bracing for the upcoming Browns request for billions in taxpayer money
Sports teams in Cleveland continue to beg the city for money while their owners make millions and are worth billions. It was just last year that the city of Cleveland gave the Guardians, their MLB baseball team, $138 million for Progressive Field improvements.
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