Tag

Arena Renovation

All articles tagged with #arena renovation

local-government22 days ago•1 min saved

Multnomah County commits $101M to Moda Center renovation amid arena funding push

Multnomah County approved a term sheet committing up to $101 million toward renovating the Moda Center as part of a roughly $600 million public funding package for the Portland Trail Blazers’ arena. The 4-1 vote starts negotiations with the City of Portland, which must contribute about $120 million, while Oregon’s $365 million state funding is already approved but contingent on local contributions, with a December vote to finalize the deal.

via Blazer's Edge|

#arena-renovation #local-government #moda-center

local-news1 month ago•2 min saved

Portland Sends Moda Center Terms to Blazers as Arena Deal Stalemate Deepens

The City of Portland has issued a first-term offer sheet detailing conditions for the Blazers’ involvement in Moda Center renovations, including a 20-year non-relocation commitment, labor-peace requirements, caps on public funding and cost overruns, a $3 million annual property tax offset to be shared with the city, county, and Portland Public Schools, and mandates for community access, local hiring, sustainability, and Albina-area partnerships. The move comes after ongoing public sniping between the city and the team, with NBA Commissioner Adam Silver saying negotiations were “off track.” State and county funding has been approved, and the city says it’s awaiting essential information from the Blazers to move forward.

via Blazer's Edge|

#albina-neighborhood #arena-renovation #local-news

politics1 month ago•4 min saved

Portland to Vote on Moda Center Renovation Funding Despite Missing Details

Portland city council is poised to approve about $120 million for Moda Center renovations as part of a new 20-year lease, but funding sources and design plans remain unclear. The Blazers have withheld renderings until the city commits funding, and the likely sources—Portland Clean Energy Fund (PCEF) and Prosper Portland—have not received project materials to assess fundability. The August term sheet deadline means councilors may vote before details are settled, with concerns over using climate-focused funds for an arena project and calls for private investment before proceeding. Final architectural plans depend on a funding agreement and continued negotiations with the Blazers.

via Oregon Public Broadcasting - OPB|

#arena-renovation #blazers #moda-center

local5 months ago•11 min saved

Public funds drive Moda Center overhaul to keep the Blazers in Portland

Portland and Oregon officials are near a roughly $870 million public package to renovate Moda Center in exchange for a 20-year lease guaranteeing the Blazers stay in Portland, funded through state bonds, city and county contributions, and various revenue streams; negotiations continue amid concerns about funding sources and potential team relocation as the sale to Tom Dundon progresses.

via Oregon Public Broadcasting - OPB|

#arena-renovation #local #moda-center

sports5 months ago•6 min saved

UNC's Arena Overhaul: Multi-Site Plans, Big Costs, and a 2028–31 Timeline

UNC released a comprehensive arena study weighing six paths to update or replace the 40-year-old Dean E. Smith Center. Three leading options—Carolina North, Odum Village, and Renovate—carry total costs from about $591M to $786M and potential annual net revenues around $41.6–$62M, with debt service near $25–$29M per year; a fourth option, Repair & Maintain, would be cheaper but could produce a deficit. The plan also evaluates mixed-use potential and the disruptions a renovation would cause. UNC emphasizes presenting all options rather than steering to a single path, with a renovated arena likely for 2028–29 or a new arena around 2030–31.

via On3|

#arena-renovation #construction-timeline #cost-projections

sports5 months ago•11 min saved

UNC's Dean Dome at a crossroads: renovate, relocate, or rebuild for a modern era

UNC’s Dean E. Smith Center faces a multimillion-dollar decision as the school weighs renovating the on-campus arena (roughly $591M), building new at Carolina North (about $786M), or a middle-ground site like Odum Village (around $703M). Public backlash from alumni and students helped derail relocation plans, and UNC has released financials and formed an advisory council to balance tradition with the revenue needs of modern college sports.

via The New York Times|

#arena-renovation #carolina-north #college-basketball