Under the 2024 Bridge Agreement, Rip City (Blazers) is responsible for funding capital repairs and maintaining Moda Center in a “first-class” manner—it’s become a key point in negotiations.
The 2024 Bridge Agreement which is linked states:
“Rip City continues to have responsibility for operating Moda Center, funding and completing capital repair, maintenance, and improvement projects and maintaining the arena in a first-class manner. Rip City and the City have agreed on a 5-year plan for
specific sustaining capital projects for the arena to be implemented during the term of the bridge agreement.”
Blazers are asking for more then 600m+ in repairs and maintaince cost. If the Blazers move the city can use this to sue the blazers. Councillors have threatened this to the blazers when they were not coming to meetings to try to negotiate.
Source