Every claim on this site traces to a document
Contracts, statutes, the City’s own studies, and disclosed models — organized by the question you’re asking. Start anywhere; every page carries its own sources.
Money & revenue
Who pays for the building, and who keeps what it earns.
Every priced arena dollar, badged Verified, Calculated, Modeled, or Unpriced — and who gets to use it.
What He Makes~$2.5B over the 20-year leaseStream by stream, what the building hands the operator — from an arena he rents for $1 a year.
The Opportunity CostYou set it the slider decidesPick what keeping the Blazers is worth; the page computes the gap against the ask.
The PILOT Paper$5.1–9.4M/yr county formula, post-renoWhat the building would pay if it paid taxes — three tiers, from the certified floor to full equivalency.
Renovation costs
What the work actually costs, and how much of it is repair versus revenue upgrades.
The consultant’s price against the public ask — and the split: ~$164M genuine repair, ~$341M revenue upgrades.
The First-Class Clause§10.2 Arena Operating LeaseThe signed lease already obliges a first-class arena at the operator’s cost. The public is being asked to buy what it’s owed.
Economic impact
What the headline claims dissolve into when you read the study they cite.
Relocation leverage
What leaving would actually cost, and what protections belong in writing.
The City owns the building; a move means breaching signed contracts, fighting Portland in court, and paying the NBA.
Why They Can’t Leave22–8 owners’ vote against the last Seattle moveThe large-print one-pager: four reasons, each from a signed clause or the league’s own rules.
Comparable deals
What every peer city negotiated — and the market test Portland hasn’t run.
Private share, rent, revenue return, relocation penalty — Portland’s is the only one at $0 private capital and $0 rent.
The Market Test$1.15B Seattle’s private rebuildBid the operating contract, keep the team as tenant in every scenario — the one move that prices everything.
History & the record
How the public’s stake was built — and what officials have already admitted.
The sourced 1993–2026 timeline that answers “Paul Allen built it alone.” Includes the SB 1501 legislative archive.
The June 24 Work Session4 admissions on the recordWhat Council itself put on the record the first time it examined the deal.
Source documents
The primary records — read them yourself.
- Ordinance 191857 (2024) — the bridge-lease package
- Arena Operating Lease — §10.2 first-class, §10.9 clawback
- Exclusive Site Agreement — the non-relocation covenant
- The State’s comparables summary (July 9, 2026)
- The Fair-Deal Term Sheet (PDF) — the campaign’s benchmark
- The balance-sheet dataset (CSV) — every line, sourced
- The councilor print pack — four carry documents
- The clips — the case, on camera, timestamped
How these numbers fit together
The same scope, escalated and repeated over 20 years: $505M. Inside it: ~$164M genuine repair, ~$341M revenue-generating upgrades.
This is the current number. The earlier “$600M ask” you may have seen was the floated figure this draft replaced.
The balance sheet’s ~$850M–1B modeled core sits inside this range.
Not the $2.5M-per-year maintenance reserve — that is a separate recommended term.
Verified primary document · Calculated arithmetic from verified inputs · Modeled assumptions disclosed & adjustable. Every line’s paper trail: the Public Balance Sheet.