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Posted On: 8/28/2017

Cuyahoga County Executive Armond Budish Issues Statement on the Cleveland Cavaliers’ Withdrawal from $140 Million Quicken Loans Arena Transformation Project

Media contact(s):
Mary Louise Madigan (216) 210-4712  or mlmadigan@cuyahogacounty.us

CLEVELAND - Cuyahoga County Executive Armond Budish issued the following statement: 
 
“This is a significant loss for the community. It jeopardizes the future of two key economic generators: The Q and the Cavs. The deal would have guaranteed that the Cavs would stay in Cleveland through 2034 and it would have created and retained many hundreds of jobs for people living in our neighborhoods. 
 
And the deal did not raise anyone’s taxes.  

Contrary to misinformation put out by the opposition, the death of this deal actually means there will be less money, not more, available for social and community services for those most in need. By killing this deal, the opponents have harmed the future for our neighborhood residents.”