Q Renovation Plan - What the community would want IF we agree on this deal.

The total cost of the project, after interest and the creation of a rainy day fund, will be $282 million, of which the public will pay an estimated $160 million. The largest share of those funds ($88 million) will be borne by the city, via an admissions tax on ticketed events at the Q from 2024-2034. The reason why it won’t be activated until 2024 is because until 2023, this portion of the admissions tax will be used to pay off existing Gateway bonds — from the 1990's. 

This is a HORRIBLE DEAL for the community but in all fairness to the Labor Trade unions we as the COMMUNITY would be willing to negotiate only if the following terms are met:

1. The Cavs must pay off the existing bonds from the 1990's. We'd need to start a new deal with a clean slate.

2. The Cavs must pay back all money from new bonds plus 25% of whatever the final budget for the project will be. We the COMMUNITY would be putting services, programs and rebuilding our neighborhoods on hold to make this deal happen for the Cavs and the Q so we want an additional 25% for putting off work that is drastically needed to our neighborhoods NOW.

3. The Cavs must enter into a Revenue Sharing deal with the COMMUNITY for sales and ticket sales for Luxury Suites. If we're going to pay to enhance the arena to attract more big time events, we want a piece of the Luxury Suite cash as well.

4. Downtown Businesses must charge and pay a higher sales tax for all goods sold. Since the area immediately around the Q would benefit the most from all of these so-called events that the renovated Q would attract, downtown businesses would be thriving and a higher sales tax would ensure that our neighborhoods would benefit as well.

5. Labor working in Downtown businesses must pay an extra .5% of income tax. We as the COMMUNITY don't want to see jobs lost. So if Q deal will create more jobs then the COMMUNITY would need to benefit from all of those added jobs. The additional income tax would greatly help fix neighborhoods so that THE ENTIRE CITY AND COUNTY can be upgraded, not just Downtown.

These ideas are a good start for a meaningful negotiation. As of right now the COMMUNITY doesn't want to do the deal because we are tired of being neglected over money going to Downtown Cleveland. We've waited and waited and waited. Enough already. If the Cavs want something from us then we need something + in return so we can transform our neighborhoods into WORLD CLASS neighborhoods. 

A championship alone doesn't do this!!!