Multnomah County weighs funding options for $101.6M Moda Center renovation

Higher tourism taxes could help cover $101.6 million Moda Center pledge by Multnomah County

Multnomah County commissioners this week weighed several options for covering the county’s $101.6 million share of an expected $600 million renovation of the Moda Center.

Multnomah County weighs funding options for $101.6M Moda Center renovation

Multnomah County leaders are discussing how to pay for the county’s $101.6 million commitment to renovate the Moda Center. Financing costs could push the county’s total expense past $160 million.

Multnomah County Leaders Split on How to Pay for Share of Moda Center Renovation

File PhotoPORTLAND, OR – Multnomah County Commissioners are contemplating four funding sources for up to $101.6 million they committed last month to the renovation and maintenance of the Moda Center. They include using existing one time county business income tax money without raising tax rates, to bumping up car rental taxes by 1 to 1.25 % or raising the hotel tax by 1%. County CFO Eric Arellano does not recommend. “The transient lodging tax th…