Big Changes Coming to Portland's Sports Arena

# **PORTLAND’S ICONIC ARENA AT A CROSSROADS: RENEWAL OR RELOCATION?**

## **A 31-Year-Old Venue in Need of a Revival**
For over three decades, **Moda Center** has stood as Portland’s premier sports and entertainment hub. But time has taken its toll—**no major updates** have graced its structure since its 1993 debut. Now, with the arena’s future hanging in the balance, leaders are rallying behind a **$587 million renovation plan** to secure its legacy.

### **The Funding Battle: State Steps Up, City Debates**
The state has already laid the groundwork:
✅ **$365 million** in state bonds approved for renovations
✅ A new law granting **equal ownership** of the arena to Portland’s government and the state—unlocking financial flexibility

Yet the city must still cough up **$222 million** more. The clock is ticking, with **June deadlines looming** and skepticism creeping in:
❌ **Clean energy funds** under fire as a potential funding source
✅ **Governor Tina Kotek** fires back, urging swift action and confidence in the plan’s broad support