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Maybe—especially if you're unlucky enough to have to commute through the stupidly congested Rose Quarter—this sounds like fantastic news. But not so much if you're a business owner. Or, especially, a city bean-counter. Because here's how much a Blazers wipe-out could directly cost Portland's coffers:
$3 million or more.
The Office of Management and Finance says that's about how much revenue, from ticket sales and parking, the city's Spectator Facilities Fund should expect from a full NBA season. Last year, to be painstakingly exact, that figure hit $3,657,538. (And, no, that doesn't include what could be millions more in indirect revenue gone missing, what with stadium workers idled, merchandising sales halted, beer taps at nearby pubs gone dry, etc.)
It's hardly chump change—given that the city relies on the fund to maintain the Rose Quarter and Veterans Memorial Coliseum, but also to pay down bond debt used to overhaul Jeld-Wen Park for the Portland Timbers. Upgrades to the stadium formerly known as PGE Park have been a huge draw on the fund in recent years.