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Senate committee hears extensive testimony on Moda Center financing plan and dash‑3 amendment
Summary
Senate leaders, business groups, labor and community organizations gave extended testimony on SB 15 01 and its dash‑3 amendment, which would create an Oregon Arena Fund, allow certain debt instruments and sequester income tax revenues tied to Rose Quarter activity to support a multi-hundred‑million dollar renovation of Moda Center.
The Senate Committee on Rules heard hours of testimony on Senate Bill 15 01 and the dash‑3 amendment, a multi-part proposal to enable state participation in the renovation and long-term operation of the Moda Center (referred to in testimony as Oregon's arena or the Rose Quarter complex).
Senate President Rob Wagner described the amendment's intent as keeping the Portland Trail Blazers in Portland for 20 years and modernizing the state's largest arena. Wagner and amendment drafters cited the arena's cultural role and said the facility generates substantial economic activity; Wagner referenced an industry estimate of more than $600 million annually in economic activity tied to the venue. The dash‑3 amendment would create an Oregon Arena Fund in…
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