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Counter point; Vulcan could get the city of Seattle to pay to build much of a new arena, whereas back when the Sonics left the MLB and NFL had just got new publicly financed arenas. Vulcan has goodwill and leverage with the city and residents from having the Seahawks in Seattle. A state of the art Barclays style arena in a much bigger city would get far more luxury box revenue than what the Moda is getting. Blazers could continue to get revenue from the Moda arena for concerns. Plus more TV revenue for all of the NW.
Hell they probably rename the team the NORTHWEST TRAILBLAZERS! And play 5 games a year in Portland to say it still is the "Portland Blazers" too just splitting time in the NW. Some Portland casual fans might hardly notice or care about the change.
Just because the team went from unprofitable to profitable, doesn't mean they can't be much more profitable after a later move.
Why would Portland continue letting the Blazers make money off of concerts here in the MODA, if they move to Seattle?!

