CLEVELAND, Ohio - With uncertainty over a referendum challenging Cleveland's part in the Quicken Loans Arena transformation, Cuyahoga County pushed back its bond sale, which was to occur Thursday. If bonds aren't sold soon, construction on the $140 million project could be delayed.
"It is still under review," county Law Director Robert Triozzi said Thursday when asked about the bond sale.
Cavaliers officials said the team is moving forward with plans for the transformation and it is difficult to project outcomes while the bonding process is being determined.
The transformation financing is a four-way arrangement among Cleveland, the county, Destination Cleveland and the Cleveland Cavaliers, will pay for $140 million in upgrades to The Q.