Official Tom Dundon Prediction Thread! (1 Viewer)

[julius]

A playground HE DOES NOT OWN! The city/state owns the Moda Center. Why would he invest money into a building he doesn't own?!?!
Would you remodel a house you are renting?

That's the weird thing about this.

While I'm not saying owners shouldnt foot the bill for things, but the city is the one who benefits a lot from owning the Moda.
We had such a unique deal with the Moda, in that the city didn't have to pay much for it originally and got a good deal when the team sold it to them.

Most cities don't have that luxury.

While it does make it simpler to leave potentially (Dundon/Blazers have no obligation to the Moda so it won't matter to them if it sits empty if they leave), it also means the franchise doesn't have to 100% foot the bill to replace.

I really can't wait until the city finalizes the funding.

As far as moving, I can't imagine that the NBA wants that, nor do I think he actually would profit enough to justify selling it. There really aren't significantly better markets (that don't have an NBA team already or are about to get one) where the teams value increases enough to justify it.

And it really isn't a good look for the NBA to finally do an expansion only to move a team away from its market after almost 60 years and profiting as much as the team does.

Their operating income was pretty solid considering how much of a train wreck the team was on the court.

Dundon might not "care about Portland" like Quick is saying, but that doesn't necessarily mean he wants to move. It might have just been a "I want a team I don't care where it is located" thing.

It doesn't seem that a group that wasn't even able to buy the team outright, and had to have *multiple* partners, has the strongest case for them needing to move.

And like I said earlier, it was a lot different in 2007 than now, and the Thunder collectively have more wealth tied to their franchise making those kinds of choices a little easier.

While I don't deny that theres a chance the team could relocate, it kinda feels more a sensationalistic podcast appearance by Quick.

And for as often as he's been proven to be an unreliable source of anything, I have a hard time believing that he's not manipulating some of the information to make it sound worse than it is.

I.e., if it bleeds it leads.

Would any of us cared if the headline didn't outright say what most of us fear is happening?

 

[BoBoBREWSKI]

Exactly.
Quick is just spewing nonsense to get his name out there and stir up more drama. A total attention grab. It's pathetic. He sucks. Always has, always will.

 

[Rastapopoulos]

New Portland Trail Blazers Owner Played Key Role at Company Oregon Accused of Predatory Lending​

 

[SlyPokerDog]

A playground HE DOES NOT OWN! The city/state owns the Moda Center. Why would he invest money into a building he doesn't own?!?!
Would you remodel a house you are renting?

So he/the Blazers get no cut of the food and beverages? No cut of the swag sold? I'm not familiar with the new arrangement but I would guess that they are. If the Blazers are selling out all the seats, but not getting a cut of food and beverage why do the care if the Moda is remolded? Their portion of this is fine. Putting a winning team on the floor and the fans will fill the seats.

Lots of businesses remodel/improve a place they rent. It's very different than renting a house. They do it so they can run their business to make money. A business moves into a store front or office, and it's on them to pay for improvements.

Why would Dundun invest in a building he doesn't own, like all businesses, to make more money.

 

[SlyPokerDog]

This whole thing is very light on details.

What improvements are the Blazers wanting done to the Moda? Have we seen their wish list? Does the amount of money we're getting from our local governments cover all of this?

And this 20 year lease, how much a year will the Blazers be paying? Our local governments will be putting over $600 mill into the Moda, do we get that back in rent? $30 million a year for 20 years is $600 mill.

If the Blazers break the lease (and yes, it's very easy to break a lease. The Blazers will have better legal talent than the city. The Blazers could break the lease if, for example, if any of the improvements aren't completed on time. Which is an impossibility in construction.) Will the Blazers have to pay back the $600 million?

Can our local governments increase the facility tax on tickets sold? It's currently 6%. An improved Moda should at least cost the people actually visiting it 9%? 10%?

It would really be nice to hear the terms and numbers on this. It would be nice is this was more of an open discussion by all parties instead of these vague demands we hear being made by one side.

Love my Blazers, and I truly hope all of this gets makes the Rose Quarter more better and more fun to visit.

 

[Mediocre Man]

Exactly.
Quick is just spewing nonsense to get his name out there and stir up more drama. A total attention grab. It's pathetic. He sucks. Always has, always will.

Is he wrong though? Nope.

 

[BoBoBREWSKI]

Is he wrong though? Nope.

Is he correct though? Nope.

 

[wizenheimer]

Yeah, I'm not saying it's good or bad but I do think it's happening.

The Mayor recently said that the Moda Center project and development of the surrounding area will create jobs and money for the city.

I think given the track record of Dundon in Raleigh, he's likely rallying other business owners to develop the surrounding area because that's what he's done in North Carolina.

as I said, you're probably right

personally, I am not a fan of the process or the situation. I think there was a pretty obvious reason why the PA Trust was willing to dump the Moda: it was a 30 year old building in need of a major expensive renovation. And by the time the debt for the renovation was paid off, the Moda would be a 50-55 year old building in need of demolition. I question the wisdom of the city for taking over ownership. I don't think the realities of the situation were fully analyzed by all the politicians who rushed thru this financing package

I'm not a licensed engineer, but I do have an engineering degree and I spent 40 years in construction, both commercial and residential. I've worked on 30 year old buildings and 50 year old buildings, and generally I'd say somewhere in between those two time frames there comes a point when renovations are definitely throwing good money after bad. They are probably the most expedient solutions, temporarily, but generally not the smartest or best. I suspect that will be the case here.

And I'm tired of the wealthy being bailed out by public money. I'm also aware that all the chatter about how big an economic engine sports teams are for the economy is about 90% bullshit

 

[wizenheimer]

A playground HE DOES NOT OWN! The city/state owns the Moda Center. Why would he invest money into a building he doesn't own?!?!
Would you remodel a house you are renting?

you're assuming the City owning the Moda is a good argument for the City, and State, pouring MORE money into a 30+ year old building. What if it's simply a bad use of the money? That's entirely possible you know

 

[THE HCP]

I just really wish all these people would hop in a bus and go look at all the OTHER NBA arenas…. It frustrates me.

 

[BoBoBREWSKI]

you're assuming the City owning the Moda is a good argument for the City, and State, pouring MORE money into a 30+ year old building. What if it's simply a bad use of the money? That's entirely possible you know

And its entirely possible that if they don't, then more and more big name concerts/shows will not be at Moda Center and that will be a huge hit in tax revenue and to the local economy.

 

[JfizzleBlazer]

Businesses make improvements to buildings they don't own all the time. They call them leasehold improvements. It all is a part of the negotiation.

 

[wizenheimer]

And its entirely possible that if they don't, then more and more big name concerts/shows will not be at Moda and that will be a huge hit in tax revenue and to the local economy.

it's may not be that kind of either/or in my view...not that simplistic

for instance, where is the comparative analysis between:

* spending 600-700M renovating a 32 year old building that will be 52 years old when the debt is paid off

vs

* spending 1.2-1.3B on a brand new, state-of-the-art arena that will be 20-25 years old when the debt is paid off

maybe, after all things are considered, sinking 600M into the Moda is the best option. But I've been following this story and I'm pretty sure all things haven't been considered; also, that state & city were way too willing to roll over, expose their bellies, and shit-can their leverage

 

[wizenheimer]

Businesses make improvements to buildings they don't own all the time. They call them leasehold improvements. It all is a part of the negotiation.

yeah...on a smaller scale it's called TI....tenant improvements. And as you say, it happens all the time. It's not always improvement either....it's a remodel to meet the needs of a different business replacing a vacated business. I've acted as both a general contractor and sub-contractor on a couple dozen of those TI's

 

[BigGameDamian]

So when are these renovations going to start? Does anyone know the timeline?

 

[BigGameDamian]

Dondun/Blazers talk starts at around 18 minutes if you want to listen.

 

[RR7]

I think I have a detached retina from rolling my eyes so hard at this.

 

[BoBoBREWSKI]

Dondun/Blazers talk starts at around 18 minutes if you want to listen.

I think I have a detached retina from rolling my eyes so hard at this.

Yeah me too!

What's crazy (and sad) is that morons actually eat that shit up, take the bait, and believe these clueless trolls.

 

[riverman]

Good news is our two way guys traveled to SA for game 5. This tells me Dundon read the room.

 

[wizenheimer]

Good news is our two way guys traveled to SA for game 5. This tells me Dundon read the room.

maybe they paid their own way

 

[HailBlazers]

maybe they paid their own way

dame would I'm sure

 

[santeesioux]

The worst part about this whole process is Quick and Clownzano are spewing out whatever they can to become relevant for the first time in years and people are eating it up

 

[blue348]

Have Quick and Canzano not been talking about the team moving for like 20 years?

Like as soon as Seattle moved were they not like, well Paul Allen is from Seattle… so obviously he wants to move them?

 

[riverman]

In the past we've always had a Dame, CJ or Ant to get us back in the second half of games..this year that was supposed to be Deni, Sharpe, Scoot or DC....let's hope one of those guys gets it going in the second half tonight!

 

[HailBlazers]

In the past we've always had a Dame, CJ or Ant to get us back in the second half of games..this year that was supposed to be Deni, Sharpe, Scoot or DC....let's hope one of those guys gets it going in the second half tonight!

Not sure what's up with Deni, he's been broke this series.

 

[wizenheimer]

Not sure what's up with Deni, he's been broke this series.

it might start with playoff officiating isn't the same as the regular season

 

[riverman]

Not sure what's up with Deni, he's been broke this series.

They are forcing him to go left and he is right hand dominant. He can't go right against them . They've scouted us well.

 

[HailBlazers]

They are forcing him to go left and he is right hand dominant. He can't go right against them . They've scouted us well.

What I don't get is why he's missing so many open shots.

 

[blazerkor]

What I don't get is why he's missing so many open shots.

I agree and the only two things that make sense are that he either is injured and fighting through it or the Spurs are just that good at doing what our team said it would do this season and that is make opponents very uncomfortable with a lot of aggressive defensive looks.

 

[riverman]

What I don't get is why he's missing so many open shots.

I think his back is fucked up and has been for a while and he plays through it. He also gets beat up a lot in the paint.