Portland city councilors are currently debating the use of public funds for a significant renovation of the Moda Center, the city-owned arena that hosts the Portland Trail Blazers. The proposed $600 million upgrade has sparked a contentious discussion, particularly around Mayor Keith Wilson’s suggestion to allocate $75 million from the Portland Clean Energy Fund (PCEF) for this purpose.
Funding Controversy
City councilor Steve Novick expressed skepticism about using the PCEF, a fund originally intended for climate change initiatives, for renovating a sports arena. “I really don’t think that renovating a sports arena is what the voters had in mind when they created the climate change fund,” he stated, describing the proposal as “a bridge too far.” Even councilor Loretta Smith, who supports public funding for the project, acknowledged that the climate fund idea is unlikely to gain full council support.
Oregon lawmakers have already approved a $365 million funding package contingent on city contributions. With a December deadline looming, councilors are under pressure to find a viable funding solution. Novick suggested alternatives such as a general obligation bond or a regional bond across Multnomah, Washington, and Clackamas counties.
Concerns and Alternatives
Novick also raised concerns about the specifics of the renovation, questioning which upgrades are essential for the Blazers and which could be considered general maintenance. He proposed that any long-term lease agreement should include penalties for early relocation by the Blazers and a share of profits from any future sale of the team.
Councilor Angelita Morillo argued that maintaining the Moda Center’s safety and functionality would cost significantly less than the proposed $600 million. She emphasized the need for a clear financial return on investment for any public funding, especially given the city’s other pressing needs.
Meanwhile, councilor Dan Ryan warned of the potential consequences of inaction, suggesting that the Blazers might relocate without an arena deal. However, some fans, like Jonathan Pulvers, believe the relocation threats are merely a negotiating tactic.
Broader Implications
Councilor Smith highlighted the Moda Center’s broader value beyond basketball, noting its use for concerts and other events. She pointed out that the city earns revenue from the arena, which contributes to the operating budget.
As negotiations continue, the Portland City Council remains divided on the best path forward, with many councilors expressing nervousness about prioritizing an entertainment venue amid other public concerns.
Original reporting: KGW Portland — read the source article.
