County Plans IGA With City for Moda Center Funding

Scope & details

The full contract record, as filed.

Contract amount

Up to $101.6 million (County total contribution referenced)

Contract type

FINANCIAL_SERVICES

Contract term

Longer of 20 years or the length of any bonds whose proceeds are invested in the Moda Center or related Rose Quarter developments

Renewal

IGA will be conditioned on the Trail Blazers’ commitment to remain in Portland for the longer of 20 years or the life of any Moda Center-related bonds, with County funds recoverable or future contributions withholdable if that condition is breached. Contribution level will be proportionately reduced if specified terms are not achieved.

Document type

Resolution

Source document

Multnomah County Resolution Affirming the County’s Commitment to the Renovation of the Moda Center Arena 2026-08-01

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Tualatin Valley Water District Agenda Board Meeting 2026-08-12

APPROVED

Tualatin Valley Water District, OregonAug 8, 2026

Multnomah County Resolution Resolution Affirming the County’s Commitment to the Renovation of the Moda Center Arena 2026-08-07

PLANNED

Multnomah County, OregonUp to $101.6 million (County share across mechanisms described)Aug 7, 2026

Multnomah County Resolution Resolution Affirming the County’s Commitment to the Renovation of the Moda Center Arena 2026-08-07

PENDING

Multnomah County, OregonUp 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 expendituresAug 7, 2026

Multnomah County Resolution Affirming the County’s Commitment to the Renovation of the Moda Center Arena 2026-08-07

PENDING

Multnomah County, OregonAug 7, 2026

San Patricio County Commissioners Court Agenda Packet 2026-07-27

APPROVED

San Patricio County, Texas$5,949.32Jul 27, 2026

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 1, 2026. The contract value is Up to $101.6 million (County total contribution referenced).

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 $101.6 million (County total contribution referenced), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Multnomah County Resolution Affirming the County’s Commitment to the Renovation of the Moda Center Arena 2026-08-01 (Resolution), dated August 1, 2026 from Multnomah County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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