![]() The next month MAYOR MICHAEL WHITE and County Commissioner Tim Hagan created the GATEWAY ECONOMIC DEVELOPMENT CORP., a non-profit organization, to adminster the project, marking it formally as a public-private partnership. ![]() The tax involved various surcharges, such as 1.9 cents on a can of beer and 4.5 cents on a pack of cigarettes. ![]() In May 1990 county voters passed a 15-year sin tax on alcohol and cigarettes to help finance the complex. Sports teams agreed to design objectives in April 1986 and demolition of the site began in June 1987. CLEVELAND TOMORROW, an organization comprised of top executives from Cleveland's 50 largest companies, created a development fund to help launch the project, and aquisition of property began in December 1985. In the winter of 1984-5, business and civic leaders met to develop plans for a new sports facility after failure of a bid for Cuyahoga taxpayer funding of a new domed stadium in Cleveland's downtown. In 2005 the founder of the mortgage company Quicken Loans, Dan Gilbert, purchased the Cavaliers and the naming rights to Gund Arena for $375 million. It shared the site with JACOBS FIELD baseball park, with which it was constructed simultaneously. Gund served as home to the National Basketball Association's CLEVELAND CAVALIERS, the Women's National Basketball Association's CLEVELAND ROCKERS, the American Hockey League's CLEVELAND BARONS, the Arena Football League's CLEVELAND GLADIATORS and the Mid-American Conference (MAC) Men's & Women's Championship Tournaments, in addition to other sports and entertainment events. ROCKET MORTGAGE FIELDHOUSE, originally named Gund Arena, opened in 1994 at 100 Gateway Plaza as part of the new Gateway Sports and Entertainment Complex, which was intended to revitalize downtown Cleveland.
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