Debate Over Public Funding for Portland Moda Center Renovation

Portland's Moda Center renovation debate hinges on one question: Is it worth the public cost?

As the Portland Trail Blazers and the city of Portland work toward an agreement on renovating the Moda Center, one of the biggest sticking points remains a familiar one: How much economic value does a sports arena actually bring to a city? Now, Portland is facing the same decision. Jim Etzel, CEO of Sport Oregon and co-chair of "We Are Rip City," a coalition advocating for the city to finalize negotiations, said failing to modernize the Moda Center could have major consequences.