Editing Moda Center (section)

===Financing===
[[File:RoseGardenArenaPortland.jpg|thumb|An exterior shot of the arena]]
The financing of the construction of the facility was widely hailed at the time as a good example of public-private partnership; most of the costs were borne by Allen and/or Allen-owned companies, rather than by taxpayers.<ref>{{cite news |title=Private Backers Pungle up $227.3 Million for Arena|author=Steve Brandon|newspaper=[[The Oregonian]]|location=Portland|date=June 25, 1993}}</ref> The bulk of the $262&nbsp;million<ref name="funding"/> construction costs were funded by a $155&nbsp;million loan from a consortium of lenders led by pension fund [[TIAA-CREF]]. As Allen was unwilling to guarantee the loan with his personal finances, the lenders demanded an interest rate of 8.99%, with no opportunity for prepayment.<ref>{{cite news|title=Rose Garden Woes May Wilt Arena Financings|url=http://seattle.bizjournals.com/seattle/stories/2004/03/15/tidbits1.html|newspaper=[[American City Business Journals|Puget Sound Business Journal]]|date=March 12, 2004|access-date=October 24, 2007|archive-date=August 4, 2011|archive-url=https://web.archive.org/web/20110804221945/http://www.bizjournals.com/seattle/stories/2004/03/15/tidbits1.html|url-status=live}}</ref> Other major creditors included [[Prudential Insurance]], and [[Farmers Insurance]].<ref name="strategy">{{cite news|title=Bankruptcy as a Business Strategy|first=Helen|last=Jung|url=http://blog.oregonlive.com/playbooksandprofits/2007/02/bankruptcy_as_a_business_strat.html|newspaper=[[The Oregonian]]|location=Portland|date=February 5, 2007|access-date=October 24, 2007|archive-date=October 31, 2007|archive-url=https://web.archive.org/web/20071031224025/http://blog.oregonlive.com/playbooksandprofits/2007/02/bankruptcy_as_a_business_strat.html|url-status=live}}</ref>

The remainder of funds came from the City of Portland ($34.5&nbsp;million), Allen himself ($46&nbsp;million), with the final $10&nbsp;million coming from a [[Municipal bond|bond]] backed by box office and parking revenues.<ref>{{cite web|url=http://basketball.ballparks.com/NBA/PortlandTrailBlazers/index.htm|title=The Rose Garden|publisher=Ballparks.com|access-date=October 24, 2007|archive-date=August 7, 2011|archive-url=https://web.archive.org/web/20110807174432/http://basketball.ballparks.com/NBA/PortlandTrailBlazers/index.htm|url-status=live}}</ref> In addition, the City transferred to Allen the underlying land. The city maintains ownership of the Memorial Coliseum and the adjacent parking garages, but the right to manage these was also transferred to Allen. In exchange, Allen signed an exclusive site agreement with the city requiring the Trail Blazers to play all home games in Portland for 30 years<ref name="esa">{{cite news |last=Eggers |first=Kerry |date=April 18, 2006 |title=Allen Won't Rule Out Bankruptcy |url=http://thetribonline.com/sports/story.php?story_id=34723 |url-status=dead |archive-url=https://web.archive.org/web/20220124132456/http://thetribonline.com/sports/story.php?story_id=34723 |archive-date=January 24, 2022 |access-date=April 24, 2013 |newspaper=[[Portland Tribune]]}}</ref> The City of Portland hoped that the building of the arena would lead to other renovation or development in the Rose Quarter district, but as of 2021 this has yet to materialize.<ref>{{cite news|title=The Ghost Quarter|first=Todd|last=Murphy|url=http://thetribonline.com/news/story.php?story_id=116587988539328200|newspaper=[[Portland Tribune]]|date=December 5, 2006|access-date=April 24, 2013}}{{dead link|date=February 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>