Portal:Oregon/Selected article/19

Moda Center, previously known as the Rose Garden arena, is the primary indoor sports arena in Portland, Oregon. It is suitable for large indoor events of all sorts, including basketball, ice hockey, rodeos, circuses, conventions, ice shows, concerts, and dramatic productions. The arena has a capacity of 19,980 spectators when configured for basketball; it holds smaller crowds when configured for other events. The arena is equipped with state-of-the-art acoustics and other amenities. It is owned by Vulcan Inc., a holding company owned by Paul Allen, and is currently managed by Global Spectrum, a company which manages sports facilities (and which also owns several sports franchises). The primary tenant is the Portland Trail Blazers NBA franchise, also owned by Allen. Several other professional sports franchises, and the Portland State University men's basketball team, either currently play home games in the Moda Center, or have done so in the past. In addition, the facility is a popular venue for concerts and other artistic productions. Construction of the arena began in 1993, and the facility opened on October 12, 1995, named the Rose Garden. The arena cost US $262 million to build; construction was financed with funds obtained from a variety of sources, including the City of Portland, Allen's personal fortune, and $155 million in bonds issued by a consortium of mutual funds and insurance companies. The Rose Garden arena was renamed Moda Center in 2013, under a 10-year naming rights deal with Moda Health.