Blazers and City agree to terms

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I'd wonder if a sale that takes ownership of the Blazers from a trust to an individual owner abrogates the lease deal
 
wizenheimer said:
I'd wonder if a sale that takes ownership of the Blazers from a trust to an individual owner abrogates the lease deal
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I wonder if a new perspective owner would rather not have the Moda, because they want to build a new arena.
 
julius said:
Massively different scenarios
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They are today. I have said that multiple times, including just a few days ago in the season holders ticket thread.

But this deal changes that. It turns things over to the city and the taxpayers. It gives the Blazers leverage to threaten to leave if they don't get what they want. It gives a new owner the ability to put his thumb on the scale in how the Blazers are financially run.

This is from the City of Portland's website, do you know what they've done with the revenue from the RQ parking garages? Improve the area? Upgrade the MC? No, they spent it on a street car no one rides.

https://www.portlandoregon.gov/cbo/article/18178
 
SlyPokerDog said:
They are today. I have said that multiple times, including just a few days ago in the season holders ticket thread.

But this deal changes that. It turns things over to the city and the taxpayers. It gives the Blazers leverage to threaten to leave if they don't get what they want. It gives a new owner the ability to put his thumb on the scale in how the Blazers are financially run.

This is from the City of Portland's website, do you know what they've done with the revenue from the RQ parking garages? Improve the area? Upgrade the MC? No, they spent it on a street car no one rides.

https://www.portlandoregon.gov/cbo/article/18178
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The people who bought the Sonics were from OKC. Until the team is sold to someone who is from another city (that isn't already pretty much earmarked for an expansion team) quit being paranoid.
 
The city seems to have done well with Providence Park....clearly the Timbers are going to move too.
 
Sounds like the team will still be spending money to fix up the Moda.

BuT tHeY wIlL mOvE tHe TeAm!!!

Herp-de-derp
 
If the team is sold and moved, it was written in that whatever money the city puts into improvements in the Moda, the new owners have to pay back 100% of whatever the city invested.

Sure sounds like the Seattle situation.
 
julius said:
If the team is sold and moved, it was written in that whatever money the city puts into improvements in the Moda, the new owners have to pay back 100% of whatever the city invested.

Sure sounds like the Seattle situation.
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I think the NBA has been pretty clear since the backlash after the Seattle move that they have no interest in moving historic franchises/any franchises from their current fan base. I'm assuming that the language in this deal has the city taking all of the profits they get from the Moda Center and re-investing them in both continued upkeep and future renovation of the arena probably along with investments into infrastructure and buildings for better businesses to lease in the surrounding area... since the city got the arena for a dollar.

I don't think this puts us in any more peril of losing our team, in fact I'm assuming that it actually means considering that the Paul Allen Trust just basically gifted the city the arena that there is language to keep the lease prices favorable for the foreseeable future. I guess we'll wait and find out but I find the situation actually less precarious today with a five year lease in place than it was yesterday when there was no lease agreement on the land.
 
So the new stadium going to be out by the baseball stadium???
 
I think we should move the team to Hillsboro. Maybe they can use that stupid new baseball stadium that the MLB is extorting out of us.
 
Whyachi said:
i sold an old truck with a blown head gasket for 1 dollar. Did Portland just purchase a billion dollar sports arena for 1 dollar? Hmmm... the stadium must need a new engine.
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Dame Lillard === blown headgasket if I do the analogy right?
 
Natebishop3 said:
I think we should move the team to Hillsboro. Maybe they can use that stupid new baseball stadium that the MLB is extorting out of us.
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Wait wut? If you're talking about MLB2PDX that's would be in Beaverton

If you're talking about the Hops new stadium (still waiting for the final monies and we will know by March 15th) that would be because we moved up in affiliation to the Diamondbacks, and thus MLB has standards they need to abide by. They've given us 2 years. Technically 3 but the building will start as soon as funds happen. I'm excited for it if it happens.
 
julius said:
The NBA doesn't want to have a team that has been stable for the majority of it's existence, and has been in a city for 50+ years, move.
It's not a good look for the league.

There's a reason why no team has moved since the Sonics, even tho there has been several teams that should have. not being bogged down by owning the RG makes it easier for the team to build a new one without having a 2nd building to own and sit empty.

Yeah, if you're paranoid you'll think it's just to get out of the city...but eventually the RG will need to be replaced. This makes that easier.

And then the city can use the RG for stuff like the Winterhawks and other stuff without worrying about conflicts with the Blazers in there.
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Not saying it's going to happen. Just saying it opens the door.
 
What would really be messed up is Jody sells the team, the new owner gets a free renovation on us, then after the 5 years, renegotiates and is reinstalled as the owner of the arena.
 
SlyPokerDog said:
They are today. I have said that multiple times, including just a few days ago in the season holders ticket thread.

But this deal changes that. It turns things over to the city and the taxpayers. It gives the Blazers leverage to threaten to leave if they don't get what they want. It gives a new owner the ability to put his thumb on the scale in how the Blazers are financially run.

This is from the City of Portland's website, do you know what they've done with the revenue from the RQ parking garages? Improve the area? Upgrade the MC? No, they spent it on a street car no one rides.

https://www.portlandoregon.gov/cbo/article/18178
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You mean to tell me the local gubberment allocated money for stupid things?

poppycock!

we need more bike lanes!
 
Strenuus said:
Wait wut? If you're talking about MLB2PDX that's would be in Beaverton

If you're talking about the Hops new stadium (still waiting for the final monies and we will know by March 15th) that would be because we moved up in affiliation to the Diamondbacks, and thus MLB has standards they need to abide by. They've given us 2 years. Technically 3 but the building will start as soon as funds happen. I'm excited for it if it happens.
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diamond project is a hoax. They just wanted a creative way to sell bumper stickers, coffee mugs and other swag.
 
Strenuus said:
Wait wut? If you're talking about MLB2PDX that's would be in Beaverton

If you're talking about the Hops new stadium (still waiting for the final monies and we will know by March 15th) that would be because we moved up in affiliation to the Diamondbacks, and thus MLB has standards they need to abide by. They've given us 2 years. Technically 3 but the building will start as soon as funds happen. I'm excited for it if it happens.
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It's still minor league baseball. I have seen several different teams come through over the years. What's wrong with the stadium they just built not that long ago?
 
Chris Craig said:
Not saying it's going to happen. Just saying it opens the door.
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Sure, if the new owner wants to pay back the city for all the investments it does into the Moda.
 
Whyachi said:
i sold an old truck with a blown head gasket for 1 dollar. Did Portland just purchase a billion dollar sports arena for 1 dollar? Hmmm... the stadium must need a new engine.
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What a royal screwing. If the city knew how to negotiate they could have gotten the price down to 70 cents.

barfo
 
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