Portland Seeks $2 Million Annual Rent for Moda Center Renovations
The city of Portland is requesting an annual rent of $2 million from Rip City Management for renovations to the Moda Center.
Portland, OR, August 12, 2026 —
PORTLAND, OR – The city of Portland has formally requested an annual rent of $2 million from Rip City Management. This figure is specifically earmarked for renovations to the Moda Center, a prominent sports and entertainment venue in the city.
Details regarding the exact nature of the proposed renovations or a specific timeline for their commencement were not immediately available. The request signifies a potential financial commitment from Rip City Management towards the upkeep and modernization of the Moda Center.
The Moda Center is a key venue for various professional sports teams and hosts numerous public events throughout the year. The proposed rent structure indicates the city’s intention to secure funding for facility improvements through its management entity.
Further information on the negotiation process between the city of Portland and Rip City Management, including the specifics of the renovation plans and the agreed-upon terms of the rental agreement, is expected to be released as discussions progress.
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