Oregon Arena Deal: Taxpayers Fund Blazers Renovation
Portland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oregon lawmakers are considering a $600 million public subsidy for Moda Center renovations, with no direct contribution from new owner Tom Dundon. Critics argue its an unfair taxpayer giveaway, while Blazers officials counter with economic hardships. The deal includes a 20-year lease and cost overrun coverage, but opponents fear it expands a new sports district, funneling tax dollars to Dundons real estate plans. The debate may intensify in the Ways and Means Committee, with experts urging better terms to avoid cities left holding the bag.
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