Relating to the Moda Center; and declaring an emergency.

Summary

The bill sets up the Oregon Arena Fund and a joint authority to own and run the Moda Center, directing money from certain taxes and debt proceeds to pay for renovations and operations. It bars the state from borrowing for the arena until a change in ownership of the Portland Trail Blazers is approved. The measure becomes effective on March 31, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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