New Oregon Senate bill lays groundwork for state to fund $600M Moda Center renovation

The bill laid out a framework for Oregon to partially own and operate the arena, using taxes on players, performers and surrounding businesses to pay for upgrades.

PORTLAND, Ore. — Oregon has taken another step toward using public funds to renovate the Moda Center in a bid to keep the Trail Blazers in Portland with a new bill introduced in the state Senate on Monday.

The bill provides a framework for Oregon to share ownership of the Moda Center with the city of Portland, using taxes on players, performers and surrounding businesses to pay for upgrades.

The Trail Blazers’ ownership group has been considering a roughly

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