Oregon Pours $870M into Blazers Arena, Despite Owner's Predatory Lending History
Portland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oregon Governor Tina Kotek is set to approve a massive $870 million public investment to renovate the Portland Trail Blazers arena, with new owner Tom Dundon, a billionaire with a history of predatory lending practices at Santander Consumer USA. Critics worry about lacking taxpayer protections, as Dundon pushed to waive income requirements and hike rates at his car loan company. Meanwhile, Oregons new attorney general is investigating another Dundon-linked firm, raising questions about the impact of his past on the Blazers future in Portland.
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