Cleveland is about to land another major event.

Multiple sources have told Crain's that the NBA and the Cleveland Cavaliers soon will announce that Quicken Loans Arena will host the 2022 NBA All-Star Game. The announcement, sources said, could occur as soon as Thursday, Nov. 1.

In December 2016, when The Q's transformation plan was first unveiled, the league said it looked forward to hosting its "week of NBA All-Star events in Cleveland in the near future." The announcement, the league said, would be contingent upon the completion of The Q's renovation project.

Construction on the arena — after quite a few twists and turns, which included a debate over the financing of the project — started on Sept. 14, 2017, beating the NBA's deadline by a day. But the major work didn't begin until June, after the Cavs' fourth consecutive run to the NBA Finals. The project has since increased to $185 million, $115 million of which will be funded by the Cavs, and is scheduled to be completed prior to the 2019-20 NBA season.

Late in 2017, the NBA awarded the 2020 and '21 All-Star Games to Chicago and Indianapolis, respectively. Boston, according to a February report by Yahoo's Chris Mannix, was considered a "strong" favorite to host the league's three-day All-Star extravaganza in 2022, but the Celtics, the Boston Herald reported in March, decided not to bid on the game.

Cleveland, should it land the 2022 game as expected, would be the host city for the 75th NBA All-Star event. That year would also mark the 25th anniversary of the 1997 All-Star Game being held at The Q, which at the time was in its third season.

The Cavs and the NBA aren't commenting on a potential announcement. David Gilbert, the president and CEO of the Greater Cleveland Sports Commission, told Crain's in a text message on Friday, Oct. 26, that he couldn't discuss anything "right now. But we should be hearing something soon."

The announcement would be another coup for a region that hosted the Republican National Convention in 2016. The MLB All-Star Game, with an estimated economic impact of $60 million to $65 million, will be held at Progressive Field on July 9, 2019.

The NBA All-Star festivities run from Friday to Sunday and include a celebrity game, a Rising Stars contest, 3-point contest, slam dunk competition and Sunday's main event. The February 2018 event in Los Angeles was projected to produce $116 million in spending, according to a study by Micronomics. A total of 110,000 visitors were expected, and the guests were projected to book 27,000 room nights at regional hotels.