CLEVELAND — The city of Cleveland was split for months about funding renovations to Quicken Loans Arena, a move that one side felt was necessary for the downtown economy but another felt should be handled by the Cavs ownership, and not the taxpayers. While a compromise was eventually reached that would provide funding from both sides, Cavs owner Dan Gilbert announced Friday a shocking new solution.
With the Detroit Pistons’ move to the new Little Caesar’s Arena, The Palace of Auburn Hills, which was home to the Pistons since 1988, will no longer be in use. Now the Detroit native GIlbert has a plan for the 22,000-seat venue.
Gilbert announced, via a team press release, that he will purchase the Palace and move it to Cleveland.
“This historic venue will continue to witness great performances by LeBron James for at least one more year” Gilbert said, alluding to James’ historic Game 5 in the 2007 Eastern Conference Finals.
While the details of how Gilbert will move it are not available yet, Cleveland Mocks was able to obtain an exclusive new look at Gateway Plaza:
For Gilbert, this marks a key point in turning Downtown Cleveland into a clone of Detroit.