Cavs announce plans for $140 million renovation of arena

Cleveland Cavaliers fans gather at the Quicken Loans Arena early Wednesday, June 22, 2016, to watch a parade celebrating the Cavaliers' NBA Championship in downtown Cleveland. The Cavaliers made history by overcoming a 3-1 deficit to beat the Golden State Warriors in the NBA Finals and end the city's 52-year drought without a professional sports championship. (AP Photo/Gene J. Puskar)

CLEVELAND (AP) — The Cleveland Cavaliers have announced plans for a $140 million project to renovate Quicken Loans Arena, their downtown home since 1994.

The defending NBA champions and Cuyahoga County officials believe the arena needs an exterior face-lift and massive interior upgrades to better accommodate fans and attract future events. The Q currently hosts 200-plus events annually.

The team and taxpayers would split the cost without any increase in taxes. The Q would remain open during construction, which would begin in 2017 and take approximately two years.

As part of the reconstruction, the building would be modernized with a glass front and public gathering spaces would be added.

The Cavs are extending their lease with The Q by seven years to 2034. Once the project is complete, the NBA has agreed to allow Cleveland to be a host city for the All-Star week in the near future.

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