FINANCIAL_SERVICESPENDING

County Plans IGA With City to Fund Moda Center

Multnomah County plans to execute an intergovernmental agreement with the City of Portland to channel up to $53 million in financing, plus additional business income tax revenues, toward the renovation of the publicly owned Moda Center arena and initial ongoing capital expenditures. The agreement will define timing, funding mechanisms, legal remedies, and community and labor benefit commitments tied to the County’s investment.

Status
PENDING
Document date
August 7, 2026
Contract type
FINANCIAL_SERVICES
Vendor
City of Portland
Agency
Multnomah County · OR

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $53 million (principal amount) for capital renovation; not to exceed $35 million for capital renovation; not to exceed $1.6 million for initial ongoing capital expenditures
Contract type
FINANCIAL_SERVICES
Contract term
Financing supported by MVR tax surcharge once Oregon Convention Center bonds mature in FY 2030; additional timing to be determined via IGA
Renewal
Future Board actions will include formal approval of the IGA, budget appropriations in fiscal years 2027–2028, and possible amendments to the MVR tax surcharge ordinance in Fall 2026. Renewal or amendment terms of the IGA are not yet defined.
Document type
Resolution
Source document
Multnomah County Resolution Resolution Affirming the County’s Commitment to the Renovation of the Moda Center Arena 2026-08-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Multnomah County?

City of Portland was awarded this financial services contract by Multnomah County, as recorded on August 7, 2026. The contract value is Up to $53 million (principal amount) for capital renovation; not to exceed $35 million for capital renovation; not to exceed $1.6 million for initial ongoing capital expenditures.

How much is the City of Portland contract with Multnomah County worth?

The City of Portland contract with Multnomah County is valued at Up to $53 million (principal amount) for capital renovation; not to exceed $35 million for capital renovation; not to exceed $1.6 million for initial ongoing capital expenditures, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Multnomah County Resolution Resolution Affirming the County’s Commitment to the Renovation of the Moda Center Arena 2026-08-07 (Resolution), dated August 7, 2026 from Multnomah County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does City of Portland hold?

City of Portland may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Multnomah County currently buying?

Explore Multnomah County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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