They just recently lit it on fire (blame homeless, yeah right) then followed it up with a commission to mandate other area properties, secure your building or we are going to condemn and confiscate.
They keep these river front properties from developing ( unless you are the right developer), force them to allow the homeless and trespassing, for favor of eviction squatter process.
They also just closed a landmark mall on the other side of the river.
All surround the Rose Garden Arena where the Trail Blazers play, and the team sold in March '26 before all this began.
https://www.espn.com/nba/story/_/id/48201543/nba-adam-silver-visits-portland-bill-passes-fund-arena-renovations
https://www.espn.com/nba/story/_/id/48350814/nba-board-governors-approves-portland-trail-blazers-sale-group-led-tom-dundon
NEW YORK – The NBA board of governors approved the sale of controlling interest in the Portland Trail Blazers from Paul Allen's estate to a group led by investor Tom Dundon on Monday.
The league said in a statement it expected the deal to close this week. ESPN previously reported it was for $4 billion. In March, the Boston Celtics sold for $6.1 billion.
Dundon's group includes Portland-based Sheel Tyle, the co-founder of investment firm Collective Global; Marc Zahr, co-president of Blue Owl Capital; and the Cherng Family Trust, the family office and investment firm of the co-founders of Panda Express. Earlier this month, Dundon sold a portion of the NHL's Carolina Hurricanes to three new minority owners, a transaction reportedly worth $332.5 million for 12.5% of the team.
Dundon bought a stake in the Hurricanes in 2017, became the majority owner in 2018 and took sole possession of the club in 2021. He is chairman and managing partner of the Dallas-based firm Dundon Capital Partners.
The approval of the sale of the Trail Blazers comes after the Oregon Legislature approved funds for the renovation of the Moda Center in early March. The measure gives the state joint ownership of the 30-year-old arena with the city and provides a mechanism to secure $365 million for the building's renovation. It also allayed fears that new ownership might move the team to another city.
Allen's estate announced in May that it had begun the process of selling the Trail Blazers. The billionaire co-founder of Microsoft, who died in 2018 at age 65 from complications of non-Hodgkin lymphoma, originally bought the Blazers in 1988 for $70 million.
Allen also owned the NFL's Seattle Seahawks and a minority share of the Seattle Sounders in MLS.