⟳ Репост от Jonathan Pulvers
Watch this space for a live-skeet thread at tomorrow morning's City Council Moda work session.
Профиль
Jonathan Pulvers
Профиль Vively
Left politics, Portland/Oregon sports
⟳ Репост от Jonathan Pulvers
We audited every NBA/NFL/MLB/NHL team that left its market in the last 20 years. All 7 of them. Zero left after an authorized majority-public offer. Not one. Ever. Oregon has already authorized 64% of the Blazers renovation. The receipts: edankrolewicz.substack.com/p/every-team...
Every Team That Left Its Market: A Twenty-Year Audit of the Relocation ThreatWhat the complete record of Big Four relocations tells us about the risk the Blazers leave Portland — and why the perceived probability matters more than the real one.edankrolewicz.substack.com⟳ Репост от Jonathan Pulvers
Moda terms over 20 years: Public: - puts in 91% of renovation costs, makes back 9% - 10c for each $1 spent. - Net: $-900M Dundon: - puts in 9% of the renovation costs - makes between $9-16 for each $1 spent. - Net: ~+$900M-$1.6B Blazers called it a non-starter.
⟳ Репост от Jonathan Pulvers
I love Portland and have spent almost a decade accomplishing some really hard things to help build belonging for all Portlanders. Learn more about who I am, what I’ve done, and my vision for this amazing city at evenstarforportland.com
⟳ Репост от Jonathan Pulvers
We had an executive session to discuss the term sheet. Soon after we went into a long council session. At no point during the executive session did we reach consensus on the term sheet, let alone get a temp check. Even if it’s a “draft,” it sends the impression this is our starting offer. It’s not.
Alex ZielinskiWorth noting here that it appears most councilors were completely blindsided by this term sheet announcement yesterday:
⟳ Репост от Jonathan Pulvers
1/ OK! We analyzed all ~5,300 pages of public records on the Moda Center deal — every email, text, contract, and invoice produced so far. Before Portland commits ~$850M+ ($1.12B after interest), here’s what every Portlander should know. It’s not the story you’ve been told. 🧵
Edan KrolewiczTraveling for the next few days, but all of this information just dropped and there is so much information about the entire Moda process none of us have heard about including Project Mt.Hood details, the early promises made, etc internet do your thing portlandor.govqa.us/WEBAPP/_rs/(...
⟳ Репост от Jonathan Pulvers
Tom Dundon could cover 50% of the Moda Center renovations with just 4% of his revenues. 4%! www.ripcitynotripoff.com/what-he-makes
He rents it for $1. He makes a fortune on it.Every dollar that flows to Dundon because he controls the public Moda Center — what it adds up to (~$100M+/yr), what the team sold for ($4.25B), and how much MORE the renovation hands him ($27–41M/yr,...www.ripcitynotripoff.com⟳ Репост от Jonathan Pulvers
Super impressed by @councilorkanal.bsky.social on KATU talking about Moda. This is what good leadership looks like. youtu.be/IrStxLy2M5Y
Should Portland fund Moda Center renovations? Councilor Sameer Kanal weighs in on Rip City Wrap-UpYouTube video by KATU Newsyoutu.be⟳ Репост от Jonathan Pulvers
Know someone in Portland in commercial real estate or finance? Ask them to review our fair-deal term sheet! Or, if you're a nerd like us, read them yourself! www.ripcitynotripoff.com/terms
The Fair-Deal Term Sheet for the Moda CenterRenovate Moda. Keep the Blazers. But on terms where the public that pays shares the upside it creates. Fourteen terms Council should require before any yes vote — every one quoted from the signed leas...www.ripcitynotripoff.com