Macht Report_4/1/09

William Macht has taught real estate development and planning at Portland State University for over 28 years as well as a development consultant for the past 30 years. This report, which Macht wrote, looks at the variety of uses that have been proposed for Veterans Memorial Coliseum, as well as its underlying development agreement (in which the Portland Trail Blazers, through Portland Arena Management, are allowed to manage and operate the city-owned Coliseum in tandem with the team-owned Moda Center arena next door. Macht has long argued that the management agreement creates a financial incentive for the Coliseum’s managers to take the arena to just short of the break-even point that would trigger routine maintenance.

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