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House passes financing framework for Moda Center renovations after extended debate
Summary
The Oregon House passed Senate Bill 15 01, a framework authorizing bonds to modernize the Moda Center, after hours of debate on priorities, guardrails and projected economic gains. Supporters said the plan protects taxpayers by tying repayment to arena revenues and requiring local commitments; opponents called the measure an unfair public subsidy.
The Oregon House voted to pass Senate Bill 15 01 on March 6, 2026, adopting a framework that authorizes state-backed borrowing to fund modernization and infrastructure improvements at the Moda Center in Portland.
Supporters framed the measure as an economic-development tool. Representative Bowman said the arena and the Portland Trail Blazers “are more than just a professional basketball team,” arguing the venue supports thousands of jobs, local small businesses and broader statewide economic activity. Bowman also emphasized that, under the bill’s provisions, bonds would be issued only after several conditions are met and said the financing is structured so…
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