Actually, Mac, I have read
the report.
So many of the numbers and facts in it seem to have been cherry picked.
Quote:
"there appears to be demand in the local market for an updated flexible venue with 3,000-8,000 seats. While expensive, renovating the VMC will cost much less than building a new facility of this size..."
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Note how there's no mention of how many of those events are currently being held at Moda Center, meaning, a ton of money may be spent to take revenue away from one venue to give it to another.
Quote:
"It’s also worth noting that the estimated cumulative economic impact associated with these options is $2.1 billion over an expected 30-year span for the Tenant/User Enhancements and $3.5 billion for Strategic Market Enhancements over the expected 40-year span."
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Prove it. If this is true, I'm certainly interested, but I don't believe it (though I could be convinced. Offer real proof).
Quote:
"Permanent closure and eventual deconstruction of the VMC should remain on the table. This option would be contentious and challenging to realize and the process of preparing for demolition, developing a redevelopment plan, and finding willing development partners would take several years to organize and would require significant resources. Through it all, the unanswered question remains about what would take the place of the VMC and how it would provide a greater public benefit than renovation of the current facility."
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This is the path that makes the most sense. I see no reason to believe we won't be having this exact same conversation five, ten, fifteen, twenty years from now and beyond. And since the 2012 plan fell through (even though the city spent millions in the expectation it would come to fruition), why should we believe that won't happen again now?
Quote:
"The biggest decision facing the City is this: Should the VMC be preserved as a public spectator facility for the next 20 to 40 years?"
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This is the conversation that needs to be had.
Quote:
"Despite its condition and lack of amenities, the VMC still sees consistent use and has a diverse event mix including sporting events (e.g., Portland Winterhawks and several Oregon School Activities Association championships), concerts, shows (e.g., Disney and Cirque de Soleil in 2015, Fright Town for last 10 years), conventions (e.g., Craft Brewers Convention reception in 2015), small and large meetings, and civic events (e.g., regional high school and community college graduations and the Rose Festival Grand Floral Parade)."
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I would challenge them to provide a daily list of all events at Memorial Coliseum along with analysis of whether the venue's existence and costs are justified based on how it's actually used. Could those events be held elsewhere? SHOULD those events be held elsewhere? And if these events are so important for the MC, how many of them would be lost with each of the options listed in the report? In some cases, most if not all. In other cases, it's assumed those current events would continue, but that seems like false analysis to me since renovations would increase costs and change the venue itself, potentially making it unusable by those events (granted, the assumption is they'd be replaced by others, but still...).
Quote:
"None of the scenarios are able to produce a direct return on investment (ROI) for the needed capital investment. This is not an uncommon outcome for facilities of this nature. Nationally and locally, many, if not most, spectator facilities, performing arts venues, and exposition and convention centers have some component of public funding for either their capital investment or ongoing operations, or both."
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The question is, does Portland NEED it? With so many other pressing needs (crumbling roads, lead in school water, air pollution, housing... among so many others ...is this the best use of money that we'd know a best case scenario shows we wouldn't get a return on investment for the needed capital? I'm not saying the answer isn't yes. I'm saying I want to know.
The Blazers played at Memorial Coliseum for 34 years. They're already in their 21st year at Moda Center, which means it's just a matter of time before we're having this same discussion about TWO aging arenas instead of one. I can't believe I'm saying this, but, thank god Moda Center isn't pretty.
I think the track & field version is absolutely LOL-worthy:
Quote:
New indoor track and field events are assumed to include international and national events as well as regional, collegiate, invitational and local events. While the scope of work includes items to accommodate indoor bicycle events, the track size would not meet international standards for sanctioned races, making it unclear how many ticketed events might be held.
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Call me skeptical.
I can't help wondering if we NEED the MC, and if the MC is the best use for such prime land. It'd be different if we were talking about a swath of concrete and asphalt in the burbs, but we're not. Is the MC the best use of such prime central city land?