It is named for the retail mortgage lender, whose chairman and founder is, the majority owner of the Cavaliers, Monsters, and Gladiators.įrom its opening until August 2005, it was known as Gund Arena, named for former Cavaliers owner, after he paid for the.
The arena opened in October 1994 as part of the with adjacent, which opened in April of that year. It also serves as a secondary arena for men's and women's basketball. The building is the home of the of the (NBA), the of the, and the of the. Aerial view in 2014 from Former names Gund Arena (1994–2005) Address 1 Center Court Location,: Public transit Owner Operator CAVS/Quicken Loans Arena Company: 20,562: 10,025 (expandable to 20,056): 20,056 Construction Broke ground ApOpened OctoConstruction cost 100 million ($162 million in 2016 dollars ) Architect Project manager Seagull Bay Sports, LLC.
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