The banner had been approved Thursday by a Cleveland design review committee and went in front of the planning commission Friday morning.
"I think it was genius to put Cleveland on his back," design committee member Jeffrey Bogart said Thursday, according to Cleveland.com. "To have Cleveland -- it's about Cleveland, it's not about one person."
The new banner essentially replaces the one that hung from the Sherwin-Williams Co.'s headquarters when James previously played for the Cavaliers, which read "We are all witnesses." That banner was taken down when James left for the Miami Heat in 2010.
James announced this summer that he was returning to Cleveland to play for the Cavaliers. He signed a two-year contract with the team.
- Ben Estes