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Kotek Signs $365MM Bond Bill for Moda Center, Pressures Portland Council on $400MM Share
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Kotek Signs $365MM Bond Bill for Moda Center, Pressures Portland Council on $400MM Share
Oregon’s governor wants the city’s funding commitment locked in by early summer to keep the Trail Blazers tied to the 31-year-old arena through a new 20-year lease. Oregon Gov. Tina Kotek on Monday signed legislation authorizing up to $365 million in taxpayer-backed bonds for a sweeping renovation of Portland’s Moda Center, escalating pressure on the Portland City Council to lock in its own $400 million-plus contribution within six weeks and cle…
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