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Moda Center

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Timbers Owner Urges Regional Leaders to Step Up as Moda Center Talks Intensify
business7 days ago

Timbers Owner Urges Regional Leaders to Step Up as Moda Center Talks Intensify

Merritt Paulson, owner of the Portland Timbers, says the Trail Blazers can’t leave Portland and uses the Moda Center renovation negotiations to urge regional leaders to make the city more attractive for investment. While not committing to taxpayer funding, he warns the region should heed the implications of the dispute, as the Blazers seek about $600 million in public money and Providence Park has already drawn roughly $145 million in private investments.

via Oregon Public Broadcasting - OPB|
#business#merritt-paulson#moda-center
Multnomah County commits $101M to Moda Center renovation amid arena funding push
local-government19 days ago

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
Portland Council wrestles with $400M Moda Center deal for the Blazers
politics20 days ago

Portland Council wrestles with $400M Moda Center deal for the Blazers

Portland’s City Council heard hours of testimony on a draft term sheet for a Moda Center renovation that could total about $400 million in public subsidies and require the Blazers to stay in Portland for 20 years, with proposed amendments to boost city benefits—such as capturing parking revenue, raising ticket surcharges, boosting charitable giving, and strengthening labor protections—ahead of an Aug. 12 final vote.

via Oregon Public Broadcasting - OPB|
#city-council#moda-center#politics
Demanding Facts in Portland's Arena Deal
sports24 days ago

Demanding Facts in Portland's Arena Deal

An open letter to Dewayne Hankins criticizing his remarks during a Portland City Council work session on Moda Center renovations, urging the Blazers to provide data-backed, transparent details for a proposed up-to-$600 million public investment and questioning deferred maintenance claims, SB 1501 implications, and the lack of a precise scope of work.

via Blazer's Edge|
#blazers#moda-center#portland
Portland Stay Plan: Why Keeping the Blazers Makes Financial and Legal Sense
sports25 days ago

Portland Stay Plan: Why Keeping the Blazers Makes Financial and Legal Sense

An analysis of documents and legal terms argues that keeping the Portland Trail Blazers in Portland is the financially and legally sensible path: a 20-year Moda Center lease would involve public funding commitments (roughly $25–30 million over five years) while the team would control arena revenue and handle ongoing maintenance, under Oregon Senate Bill 1501; relocation is hampered by NBA territorial rights, required league approval, and potentially expensive new arena terms. Additionally, a labor peace agreement is part of the renovation framework, but overall a stay in Portland is portrayed as the win/win scenario for both the Blazers and the NBA.

via Blazer's Edge|
#arena-funding#moda-center#nba-constitution
Blazers press for a broader deal beyond arena funding in Portland talks
business26 days ago

Blazers press for a broader deal beyond arena funding in Portland talks

Trail Blazers officials told Portland City Hall that a $575 million Moda Center renovation requires more than public money, urging a deal that also addresses legal risk, taxes, and Portland's business climate to keep the team in Oregon; they reject private funding and say the city’s terms are needed, while city leaders say the draft term sheet — with upfront construction funding, long-term maintenance, and a 20-year stay — is generous but contains issues like a potential property tax fee and a labor peace clause; negotiations continue ahead of an Aug. 12 vote.

via Oregon Public Broadcasting - OPB|
#arena-funding#blazers#business
Blazers weigh meeting with Portland on Moda Center lease amid funding stalemate
local29 days ago

Blazers weigh meeting with Portland on Moda Center lease amid funding stalemate

Portland’s Trail Blazers and the city remain far apart on a new 20-year Moda Center lease as negotiations center on public funding and how the funds would be used; the City Council is set to vote Aug. 12 on the draft term sheet, while owner Tom Dundon has signaled a deal only with roughly $575 million in public funding. The state’s package depends on local funding, with $208 million to be provided locally and $120 million already earmarked by the city, though details and uses are still unclear. The Blazers have been reluctant to share specifics or commit to a Thursday work session, and leaders on both sides have publicly pressed for more transparency amid ongoing talks.

via The New York Times|
#arena-lease#local#moda-center
Portland taps outside negotiators to steer Moda Center deal with Trail Blazers
local1 month ago

Portland taps outside negotiators to steer Moda Center deal with Trail Blazers

Portland has enlisted three outside firms to lead negotiations with the Trail Blazers over Moda Center renovations, signaling that city officials will not helm the talks. A contentious draft term sheet has raised concerns from the Blazers and city leaders, with a final deal targeted by year’s end and an estimated $600 million in public funding. The state, Multnomah County, and the city will all participate, with negotiators Carl Hirsh (Stafford Sports), Denis Braham (Greenberg Traurig), and Damien Hall (Dunn Carney) taking the lead.

via Oregon Public Broadcasting - OPB|
#arena-negotiations#local#moda-center
Portland Arena Deal on the Edge: Blazers Could Walk Away from State Aid
business1 month ago

Portland Arena Deal on the Edge: Blazers Could Walk Away from State Aid

The Moda Center funding dispute between the City of Portland and the Trail Blazers tightens, with reports that the team could reset negotiations and even renounce the $365 million state commitment as it weighs a new deal; new ownership reportedly questions terms like labor requirements and Albina-area partnerships, while the city says the Blazers have not yet replied to the current term sheet and talks appear stalled amid public sparring.

via Blazer's Edge|
#business#funding#moda-center