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Registration for the VMC tour open on Event Brite.
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I was curious about the same questions, and looked it up. The property is owned by Aegan Corp, which seems to be a company linked to Paul Allen. Even though it is zoned Central Commercial, the site has a scenic overlay, which limits the height to which it can be developed.
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The riverfront property west of the colliseum is owned by Vulcan- Paul Allens development company. Over the years there have been studies to develop the property as offices and other mixed uses.
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Calaroga Terrace
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Every major city would have flatten this piece of junk money pit years ago. They might as well keep it for a new arenas place until the NBA decides in 5 to 10 years the Moda Center is obsolete; when it is approaching the same age as the Coliseum was when the Rose Garden was built..
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Here's a good takeaway from the article:
Current net loss for the city: $55,000/year (less than the cost of new speedbumps on my street). Essential repairs and replacement Cost: $35.1 million Includes: New plumbing, refurbished seating and concourse, renovated bathrooms, a new roof and scoreboard, access improvements for people with disabilities Annual events: 116 Annual attendance/paid: 371,200/173,900 Annual operating income: loss of $46,000 Annual income (ticket taxes/parking/capital reserve): loss of $100,000 ------------------- Typical of American cities is the deferred maintenance of infrastructure and assets while we let them slide into disrepair. Note also that the facility is managed by Paul Allen's Rip City Management - they have no incentive to actually schedule money-making events at MC, since they own the Moda Center next door... there is such a conflict of interest here its not even funny. The winterhawks were going to spend their own money renovating the building in 2012, but because of the scandal, the city turned the money down. So yeah, if you turn down money and let your buildings fall apart over the course of 50 years, of course it will be costly to renovate them into working order! Did the Federal Government just knock down the Edith Green – Wendell Wyatt Federal Building? Nope! They spent $150 million gutting it down and renovating it. |
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There is simply no need for this building. Winterhawk games are more enjoyable in the Moda Center anyway. Tear it down.
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seriously it will be a vacant lot for years nobody wants anything to do with that property--case closed. |
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Seriously... since the Blazers moved out two decades ago... how much money has been spent on attempts to repurpose Memorial Coliseum? Remember the plans years ago for an entertainment district? I'm convinced this building is so mired in politics that people will be fighting to save it until an earthquake brings it down. My fear about the Blazers is that if they someday start to talk about leaving, they'll get a better offer from somewhere else and leave, at which point, we'd be looking to repurpose the Moda Center too. |
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The city of Portland I'm sure will know all that and eventually work it out. I think the site is just stalling till the Rose Garden becomes obsolete. Which isn't much longer at most 5 years. |
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arguing about the lifespan of the Moda Center and when it will need to be replaced disgusts me on two primary levels:
fuck that shit. time to face the music, America. just because you don't like something is not a reason to tear it down. repurpose, restore, re-something this and other built structures. there is value embedded in the MC. it's time to bring it out. |
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