Moda Center’s $573M Renovation Lacks Budget Breakdown | Portland Trail Blazers News

Portland’s Moda Center is facing a $573 million renovation to modernize its aging infrastructure, but the proposal leaves a critical gap: no detailed budget breakdown. While upgrades include premium seating, better concessions, and event-ready tech, the actual spending plan remains blank — raising alarms about how public funds will be allocated. The arena, built in 1995, needs urgent repairs costing over $223 million just to stay functional, with maintenance alone projected at $482 million over two decades. Though the term sheet notes the estimate is still pending verification and includes contingencies, Rip City Management would foot any overrun costs — offering some city protection. Councilors must now decide: invest heavily upfront for long-term viability, or risk endless piecemeal fixes — without knowing exactly where the money’s going. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9340b735f0daf176