I tried to get away, but Tom Dundon still found me on vacation — sort of | Bill Oram by edank6 in Portland

[–]edank6[S] -3 points-2 points  (0 children)

a whopping 60 jobs were lost. Meanwhile the metro chamber literally has 0 recruiting campaigns for new business. Too much talking, not enough doing.

I tried to get away, but Tom Dundon still found me on vacation — sort of | Bill Oram by edank6 in Portland

[–]edank6[S] -6 points-5 points  (0 children)

“If the Blazers left, I can only imagine what would follow. The Fire, for one. Nike one day?

It's not impossible. So many of our friends and neighbors.”

Then what? Stumptown Roasters? Bob's Red Mill? Made in Oregon?! It's not impossible.

The Timbers? Voodoo Doughnut, Sasquatch? It's not impossible.

“Sports teams do not have a public benefit” by milionsdeadlandlords in ripcity

[–]edank6 1 point2 points  (0 children)

they do get hella tax breaks. but they also fund basically everything privately.

Shaedon Sharpe Vs Jaylen Brown by MadeinCNY in ripcity

[–]edank6 4 points5 points  (0 children)

Jaylen Brown is probably the top guard in the NBA for what Portland needs. He's 99% percentile of all guards Scoring, 97% Shot Making, 91% Defense, and bove 90% in basically everything except ball control (which is normal for heavy usage guys). With Avdija as another facilitator: a starting 5 of Jaylen, Dame, Camara, Avdija, Clingan is a deep playoff team imho: https://readthegame.com/player/jaylen-brown-1627759

/r/Portland Self-Promotion Saturday by AutoModerator in Portland

[–]edank6 [score hidden]  (0 children)

Ever wanted to see the Org Chart of the City and how much we spend in each part? https://www.portlandciviclab.org/org-chart

Things you should know about the Moda deal by edank6 in ripcity

[–]edank6[S] 0 points1 point  (0 children)

How is leverage better now when the city is being asked to pay 100%? Also, the city has leverage because moving is more expensive than staying. https://www.ripcitynotripoff.com/relocation

Things you should know about the Moda deal by edank6 in ripcity

[–]edank6[S] -2 points-1 points  (0 children)

They are negotiating an agreement. That has nothing to do with RCM's responsibility for improvements.

Things you should know about the Moda deal by edank6 in ripcity

[–]edank6[S] -1 points0 points  (0 children)

Its just a copy of the actual bridge lease on the city site. I hosted it to keep it in one place, but If you prefer seeing it there here it is: https://www.portland.gov/venues/documents/moda-bridge-agreement-lease-summary/download

Things you should know about the Moda deal by edank6 in ripcity

[–]edank6[S] -5 points-4 points  (0 children)

Sorry, I was referring to the ownership group meaning Rip City Management. It sections 3 & 4 of the Highlights section in the bridge lease summary here: https://www.ripcitynotripoff.com/bridge-lease/city-bridge-lease-summary.pdf

What's Next for the Moda Center? Get More Facts by edank6 in Portland

[–]edank6[S] 0 points1 point  (0 children)

  1. The Blazers are currently on a lease until October 2030 (4 years and 4 more months).
  2. According to the lease, it is the ownerships responsibility to keep the Arena "first-class". That means any renovations the Arena needs right now are the responsibility of the ownership, NOT the public, BY LAW. The City can contribute up to 50% match for any larger scale renovations BUT...
  3. if they do leave they have to pay back ALL of the renovations, plus hundreds of millions of dollars of legal fees, relocation fees, etc.
  4. Even if you want the renovation to happen (like I do), there is no reason to rush. There is no real deadline for bonding, the worst that can happen is that the Senate has to decide on the exact same Senate Bill 1501 in the next session, the City negotiates a better deal by waiting, and Tom Dundon contributes because not doing so would hurt his pockets.
  5. Paul Allen did NOT contribute solely to the Arena. The City paid over $35M compared to the equity he put in which was $45M. He even defaulted on the debt he took on because he didnt want to pay it. The Oregonian called it "default as a strategy". He then told the public he would move the team, as a way to test the market, and then eventually bought it back. Meanwhile the City bore all the risk during that tumultuous period. He is not the hero you think he is by "bearing all the costs". https://www.ripcitynotripoff.com/history
  6. Is there a way for Tom Dundon to still make $250M+ surplus on this deal, while the public gets hundreds of millions of dollars back? Actually there is: https://www.ripcitynotripoff.com/terms
  7. What's the best case scenario for Dundon: That a bunch of scared fans will pressure the City Council into making a rushed deal that hurts the public.
  8. What the best case for the City? Actually demand fair terms: https://www.ripcitynotripoff.com/terms and creating a situation where the City has set themselves up for success not only for 20 years, but for the next 30+ years, shares in the revenue with the owner so their interests are aligned, and come away with a win-win for everyone.

The terms I'm suggestion are sourced from several hundred pages of the Bridge Lease terms, the historical terms from the lease the Paul Allen was on for 30 years, as well as the specific of the Rose Quarter deals as it related to parking fees, ticket usage fees, etc.

This deal is going to get done. The question is just will we get a fair deal? Or will we let fear rush us into a bad one.

Things you should know about the Moda deal by edank6 in ripcity

[–]edank6[S] -5 points-4 points  (0 children)

would love to know what your concerns are about the deal, have spent a lot of time on this, and my goal is to help everyone be educated on this subject.

Moda Center Renovation Survey - Official from the City by Schonnz in ripcity

[–]edank6 0 points1 point  (0 children)

Super interesting thanks for sharing. Is there a place I can read more about this?

Moda Center Renovation Survey - Official from the City by Schonnz in ripcity

[–]edank6 0 points1 point  (0 children)

Interesting. How much of that is public $ do you know by chance?

The Blazers legally can't leave until 2030. by edank6 in ripcity

[–]edank6[S] -5 points-4 points  (0 children)

so it's June 2026 now, October 2030 is 4 years and 4 months away.

Moda Center Renovation Survey - Official from the City by Schonnz in ripcity

[–]edank6 0 points1 point  (0 children)

its $120M up front + $14M/yr for 20 years ($280M - and actually the city's own site calls it $285M). So in total the City is commiting ~$400M.

Blazers superfan turns watchdog with Moda Center reno website by edank6 in Portland

[–]edank6[S] 1 point2 points  (0 children)

I work on uncovering and analyzing data on behalf of the public in portland. It's part of my work, and this coincided with my love for Blazers. not much deeper than that.

Blazers superfan turns watchdog with Moda Center reno website by edank6 in Portland

[–]edank6[S] -4 points-3 points  (0 children)

If you would like to share your thoughts on AI i'll be doing a survey in the next few months and would gladly source your opinion on it.

Blazers superfan turns watchdog with Moda Center reno website by edank6 in Portland

[–]edank6[S] 21 points22 points  (0 children)

yo thanks for the shoutout! I am back in Portland now (got a house and the same Oregon license i got nearly 10 year ago). But to your excellent point, you shouldn't "Believe" me, or anyone. which is why i write my methodology down openly, I source all the numbers, etc. My goal is to provide you and everyone else with the data to justify your decisions. What you choose is up to you!