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Moda Center Funding Bill Advances in Oregon Legislature

The Oregon Arena Fund would use $365 million in bonds and tax revenue to renovate the Moda Center, the NBA's oldest unrenovated arena, aiming to retain the Trail Blazers.

Members of the Legislature's Joint Rules Committee voted 4 to 1 on Thursday to advance Senate Bill 1501 to the Ways and Means Committee.

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KATU broke the news in Portland, United States on Thursday, February 26, 2026.
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