Editing Moda Center (section)

===Oregon Arena Corporation bankruptcy===
{{main|Rose Garden arena bankruptcy}}
Claiming the local economy was responsible for reduced revenues which made it unable to make payments on the loans used to finance construction, the Oregon Arena Corporation filed for bankruptcy on February 27, 2004. After negotiations concurrent with the bankruptcy failed to produce a settlement, the [[United States Bankruptcy Court]] ordered on November 8 of that year that the Oregon Arena Corporation transfer the facility to the creditors.<ref name="emo">{{cite news|title=Global Spectrum Takes Over the Rose Garden |first=Matt |last=Cunningham |url=http://www.entertainmentmanagementonline.com/vnews/display.v/ART/2004/11/18/419ad9bfeee63 |archive-url=https://archive.today/20110818043204/http://www.entertainmentmanagementonline.com/vnews/display.v/ART/2004/11/18/419ad9bfeee63 |url-status=dead |archive-date=August 18, 2011 |work=Entertainment Management Online |date=November 10, 2004 |access-date=October 24, 2007 }}</ref> A new corporation owned by the creditors, '''Portland Arena Management''' (PAM) took over operation of the arena.<ref name="new_owner">{{cite news|title=Paul Allen's Rose Garden: Under New Ownership|first=Todd|last=Murphy|url=http://thetribonline.com/news/story.php?story_id=27773|archive-url=https://web.archive.org/web/20211230222035/http://thetribonline.com/news/story.php?story_id=27773|url-status=dead|archive-date=December 30, 2021|newspaper=[[Portland Tribune]]|date=January 4, 2005|access-date=April 24, 2013}}</ref> PAM in turn hired Global Spectrum to operate the arena. For several years, the Trail Blazers (still owned by Allen) and the Portland Arena Management had a highly hostile relationship,<ref>{{cite news|title=Portland Arena Management vs Blazers Owner Paul Allen|first=Brian|last=Berger|url=http://www.sportsbusinessradio.com/?q=node/695|work=Sports Business Radio|date=January 13, 2007|access-date=October 24, 2007|archive-date=November 3, 2007|archive-url=https://web.archive.org/web/20071103011952/http://www.sportsbusinessradio.com/?q=node%2F695|url-status=live}}</ref> with the two entities competing for ticket sales.<ref name="buyback">{{cite news|title=Allen: I'll Buy Back Arena for Right Sum|first=Kerry|last=Eggers|url=http://thetribonline.com/news/story.php?story_id=32764|archive-url=https://web.archive.org/web/20220619142126/http://thetribonline.com/news/story.php?story_id=32764|url-status=dead|archive-date=June 19, 2022|newspaper=[[Portland Tribune]]|date=November 22, 2005|access-date=April 24, 2013}}</ref>

The team made numerous complaints about a "broken economic model",<ref name="nw">{{cite news |title=The Not-So-Great Northwest|first=Loren|last=Jorgenson|url=http://findarticles.com/p/articles/mi_qn4188/is_20060226/ai_n16188451|archive-url=https://web.archive.org/web/20071103203839/http://findarticles.com/p/articles/mi_qn4188/is_20060226/ai_n16188451|url-status=dead|archive-date=November 3, 2007|newspaper=[[Deseret News]]|location=Salt Lake City|date=October 24, 2007}}</ref> and there was much speculation that the Trail Blazers might leave.<ref>{{cite news|title=Allen's Trail Blazers Seek Help to Stay in Portland |first=Hal |last=Bernton |url=http://seattletimes.nwsource.com/html/localnews/2002827693_trailblazers25m.html |newspaper=[[The Seattle Times]] |date=February 25, 2006 |access-date=October 25, 2007 |url-status=dead |archive-url=https://web.archive.org/web/20071103005621/http://seattletimes.nwsource.com/html/localnews/2002827693_trailblazers25m.html |archive-date=November 3, 2007 }}</ref> The team was put up for sale in the summer of 2006,<ref>{{cite news|title=It's Official: Blazers and Rose Garden Are For Sale|first=Helen|last=Jung|url=http://blog.oregonlive.com/playbooksandprofits/2006/06/its_official_blazers_and_rose.html|newspaper=[[The Oregonian]]|location=Portland|date=June 7, 2006|access-date=October 24, 2007|archive-date=September 30, 2011|archive-url=https://web.archive.org/web/20110930161637/http://blog.oregonlive.com/playbooksandprofits/2006/06/its_official_blazers_and_rose.html|url-status=live}}</ref> only to be taken off the market again several months later.<ref>{{cite news|title=Rose Garden Statement on No Sale of Blazers|first=Helen|last=Jung|url=http://blog.oregonlive.com/playbooksandprofits/2006/08/rose_garden_statement_on_no_sa.html|newspaper=[[The Oregonian]]|location=Portland|date=August 3, 2006|access-date=October 24, 2007|archive-date=September 30, 2011|archive-url=https://web.archive.org/web/20110930161645/http://blog.oregonlive.com/playbooksandprofits/2006/08/rose_garden_statement_on_no_sa.html|url-status=live}}</ref> Speculation intensified as to what would happen,<ref name="turns">{{cite news|title=Blazers Owner Foresees a "Few Turns in the Road"|first=Chris|last=Sheridan|author-link=Chris Sheridan (sportswriter)|url=https://www.espn.com/nba/columns/story?columnist=sheridan_chris&id=2666051|work=[[ESPN]]|date=November 17, 2006|access-date=October 25, 2007|archive-date=December 31, 2006|archive-url=https://web.archive.org/web/20061231220052/http://sports.espn.go.com/nba/columns/story?columnist=sheridan_chris&id=2666051|url-status=live}}</ref> and the team and Paul Allen were roundly criticized in the media.<ref name="strategy"/><ref name="turns"/><ref>{{cite web|title=Bankruptcy and the Billionaire|first=Jack|last=Bogdanski|url=http://bojack.org/2004/02/bankruptcy_and_the_billionaire.html|date=February 29, 2004|work=Jack Bog's Blog|access-date=October 25, 2007|archive-date=November 3, 2007|archive-url=https://web.archive.org/web/20071103005754/http://bojack.org/2004/02/bankruptcy_and_the_billionaire.html|url-status=live}}</ref><ref>{{cite news|title=State of Blazers is Their Own Fault|first=Dwight|last=Jaynes|url=http://thetribonline.com/sports/story.php?story_id=34144|archive-url=https://web.archive.org/web/20220124124845/http://thetribonline.com/sports/story.php?story_id=34144|url-status=dead|archive-date=January 24, 2022|newspaper=[[Portland Tribune]]|date=March 3, 2006|access-date=April 24, 2013}}</ref><ref>{{cite news|title=Broken Financial Model|first=Helen|last=Jung|url=http://blog.oregonlive.com/playbooksandprofits/2006/07/broken_economic_model.html|newspaper=[[The Oregonian]]|location=Portland|date=June 24, 2006|access-date=October 24, 2007|archive-date=October 16, 2007|archive-url=https://web.archive.org/web/20071016193059/http://blog.oregonlive.com/playbooksandprofits/2006/07/broken_economic_model.html|url-status=live}}</ref> Despite the criticism and the team's poor finances the team insisted that bankruptcy was the right move.<ref name="pa_interview">{{cite web|url=http://www.nba.com/blazers/news/A_Conversation_With_Paul_Allen-171563-41.html|title=A Conversation with Paul Allen|publisher=National Basketball Association|date=March 11, 2006|access-date=October 24, 2007|archive-date=July 11, 2007|archive-url=https://web.archive.org/web/20070711133216/http://www.nba.com/blazers/news/A_Conversation_With_Paul_Allen-171563-41.html|url-status=live}}</ref>

Early in 2007, Allen and the creditors reached an agreement for Allen to repurchase the arena, and the team and the building were united under common ownership once more.<ref name="donedeal">{{cite news|title=Rose Garden Deal Done|first=Helen|last=Jung|url=http://blog.oregonlive.com/playbooksandprofits/2007/04/rose_garden_deal_done.html|newspaper=[[The Oregonian]]|location=Portland|date=April 2, 2007|access-date=April 2, 2007|archive-date=August 11, 2011|archive-url=https://web.archive.org/web/20110811224634/http://blog.oregonlive.com/playbooksandprofits/2007/04/rose_garden_deal_done.html|url-status=live}}</ref> After much speculation that Allen would hire [[Anschutz Entertainment Group]] (AEG) to replace Global Spectrum, arena management elected to extend Global Spectrum's management contract by one year in the summer of 2007.<ref name="extension">{{cite news |last=Hunsberger |first=Brent |date=August 30, 2007 |title=Blazers Give 1-Year Extension to Rose Garden Manager |url=http://blog.oregonlive.com/playbooksandprofits/2007/08/blazers_renew_arena_contract_w.html |url-status=live |archive-url=https://web.archive.org/web/20110930161556/http://blog.oregonlive.com/playbooksandprofits/2007/08/blazers_renew_arena_contract_w.html |archive-date=September 30, 2011 |access-date=October 23, 2007 |newspaper=[[The Oregonian]] |location=Portland}}</ref> In September 2007, Global Spectrum announced that the arena would undergo [[United States dollar|$]]13 million in renovations.<ref name="facelift"/>