The whole moda center debacle is puzzling to me. The city of Portland owns the Moda Center and that seems to be why Tom Dundon doesn’t want to pay for renovations. He argues it’s like asking a renter to pay for repairs instead of the landlord. He doesn’t want to pay a dime for it.
In response, the state, Multnomah county, and city of Portland need to bankroll $600million. The State already pledged some money and I guess they’re just waiting for the city?
This $600 million dollar funding could be better used on schools (all of the public universities aside from UO & OSU aren’t doing too hot), healthcare, food benefits, I mean you name it.
I know selling him the Moda Center is not ideal, but it seems like a way better offer than pledging $600 million dollars? Am I missing something? Why not just give him the arena and then make him pay for the renovations? No taxpayer money gets used and the Blazers stay in Portland? Win win?
Edit: I’m not talking about just the arena itself, but the entire land around it that’s owned by the city for future businesses.