Jonathan Pulvers

@pulverizer.bsky.social

Left politics, Portland/Oregon sports

Moda terms over 20 years: Public: - puts in 91% of renovation costs, makes back 9% - 10c for each $1 spent. - Net: $-900M Dundon: - puts in 9% of the renovation costs - makes between $9-16 for each $1 spent. - Net: ~+$900M-$1.6B Blazers called it a non-starter.

The public puts in 91% of the money — and keeps 8% of what the building makes.
Dundon’s side puts in 9% — and keeps 70%.

We had an executive session to discuss the term sheet. Soon after we went into a long council session. At no point during the executive session did we reach consensus on the term sheet, let alone get a temp check. Even if it’s a “draft,” it sends the impression this is our starting offer. It’s not.

Alex Zielinski@alexzee.bsky.social · 3w ago

Worth noting here that it appears most councilors were completely blindsided by this term sheet announcement yesterday:

1/ OK! We analyzed all ~5,300 pages of public records on the Moda Center deal — every email, text, contract, and invoice produced so far. Before Portland commits ~$850M+ ($1.12B after interest), here’s what every Portlander should know. It’s not the story you’ve been told. 🧵

Edan Krolewicz@edankrolewicz.bsky.social · 4w ago

Traveling for the next few days, but all of this information just dropped and there is so much information about the entire Moda process none of us have heard about including Project Mt.Hood details, the early promises made, etc internet do your thing portlandor.govqa.us/WEBAPP/_rs/(...

I doubt this or anything will quiet the "they're leaving" crowd, but all you can do is provide information

Rip City Not Rip Off@ripcitynotripoff.bsky.social · last mo.

HOLY SHIT. Shout out to @wrightkatu.bsky.social for digging this up. The Blazers literally CANNOT MOVE UNDER ANY CIRCUMSTANCE until 2030. There is literally ZERO rush to sign a deal. Let's put Tom Dundon on a 4-year City option, that way Tom can feel that competitive burn he always talks about.

Gonna post how I'm voting within a week but would love your input on the contested judicial races first. Comments that are civil and legitimately help me differentiate between very similar-seeming candidates are appreciated. Thanks!