The City Council is concerned with ROI on an arena it didn't build, then purchased for a buck

I watched a good portion of Thursday’s City Council “work session” before boredom and laughter got me back to my keyboard.

Yes, Council sessions are often boring. But I was more amused when the counselors talked frequently about ROI — return on investment — for the money they are being asked to fund Moda Center renovation.

Investment? Paul Allen built that arena in 1995 for an estimated $265 million. You bought it from the Allen estate a couple of years ago for about 10 percent of the price of a McDonald’s Happy Meal. But you aren’t happy with the return on that one dollar investment yet?

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