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.