Spectator Facilities

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Breadcrumb: Service Area Summaries > Community & Economic Development > Office of Community and Econ Development > Spectator Facilities

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development > Office of Community and Econ Development > Spectator Facilities Spectator Facilities Budget Revenues by Fund 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Revenues $68,662,288 $17,754,880 $13,257,890 $12,479,140 Spectator Venues & $68,662,288 $17,754,880 $13,257,890 $12,479,140 Visitor Activities Fund Internal Revenues $20,137,462 $76,138,168 $45,630,993 $18,087,510 Spectator Venues & $20,137,462 $76,138,168 $45,630,993 $18,087,510 Visitor Activities Fund Grand Total $88,799,750 $93,893,048 $58,888,883 $30,566,650 Program Expenses by Major Object Program expenses only include personnel, internal materials and services, external materials and services, and capital. 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed Capital Outlay $1,855,651 $35,261,582 $35,054,000 $11,900,000 External Materials and $5,637,057 $5,841,622 $7,878,435 $6,034,514 Services Internal Materials and $544,031 $564,623 $638,027 $860,290 Services Personnel $496,103 $569,730 $657,310 $690,974 Grand Total $8,532,842 $42,237,557 $44,227,772 $19,485,778 Program Description and Goals The Spectator Venues and Visitor Activities Program oversees City-owned spectator venues, including the Veterans Memorial Coliseum (VMC), Moda Center, Providence Park, and the Rose Quarter Plaza and Parking Garages. Program staff are also the primary liaisons to travel, tourism, sports and visitor development efforts. The program oversees the Spectator Venues & Visitor Activities Fund (SVVAF), which is a self-sustaining enterprise fund that accounts for resources and requirements for program activities. ?Historically, the program has relied on Rose Quarter venues for over 70% of program resources. The program maintains an operating reserve sufficient to meet annual expense obligations for approximately 12 months in the event of an unforeseen 317

City of Portland Fiscal Year 2026-27 Proposed Budget facility closure. The program's goals encompass four key objectives: 1) supporting the successful operations of the venues, 2) meeting all program expense obligations while safeguarding the General Fund, 3) providing resources for activities and investments that enhance the condition and viability of the venues, 4) supporting the growth of the sports, travel, and tourism industry in Portland. Services The program is responsible for managing a City-owned portfolio of venues valued at over $500 million and for cultivating effective, mutually beneficial professional relationships with venue operators. Overseeing the contractual agreements with the operators is a key function of the program. Key program activities include facility operations, maintenance, repair, and capital improvements, as well as financial planning, contract administration, and coordination of special projects. The program also serves as a liaison among City bureaus, other governmental agencies, and private parties – including a broad range of organizations engaged in travel, tourism, and visitor development activities. Equity Impacts The program is responsible for implementing the City's ADA Title II Transition Plan at the venues. The program maintains a database of the 1,190 potential barriers identified at its facilities and is working with the operators to implement the Council- approved 20-year mitigation workplans for each building. As of June 30, 2025, 38% of the potential barriers at the facilities had been addressed. Changes to Program In FY 2024-25, the City executed a lease extension for Moda Center with the Portland Trail Blazers and Rip City Management. The new lease transferred ownership of Moda Center to the City, established a City commitment to match certain investments into the arena, had the City acquire a parcel of privately owned land, and secured the team's commitment to play at the Rose Quarter through the 2029-30 National Basketball Association season. FY 2025-26 was the first year of the City's commitment to invest in capital projects at Moda Center and saw the City share in the cost of certain approved projects using revenue generated from Trail Blazers games. This arrangement will continue during the term of the extended operating agreement. With sale of the Portland Trail Blazers franchise announced in 2025, the Program anticipates renewed urgency in discussions around a major renovation of Moda Center and a long-term lease extension in the coming months and years. FY 2026-27 will see the completion and closeout of a ~$60M renovation of the Veterans Memorial Coliseum. The project is primarily funded by $53.4 million in bond proceeds. Annual debt service of $4.3 million on these bonds is fully paid by Visitor Facilities Trust Account, according to the terms of the City/Multnomah County/Metro Visitor Facilities Intergovernmental Agreement. 318

Parent: Office of Community and Econ Development · PDF: pp. 317-318 ↗