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| Sports and entertainment are part of the Experience Economy, the fastest- growing sector in the nation and is outpacing spending on material goods by a factor of over 1.5, according to McKinsey & Co. Downtown Cleveland’s Gateway District is the local heart of the Experience Economy, which sees millions of visits per year (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
The Cleveland Guardians Major League Baseball team is seeking $64,795,282 for Progressive Field. The Cleveland Cavaliers National Basketball Association team wants $40,308,811 for Rocket Arena. And the Cleveland Soccer Group is in the running for $19.9 million to build a new soccer stadium, according to the Statehouse News Bureau.
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