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Coliseum plans brew

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High Five
Tuesday, March 23, 2010

Portland Mayor Sam Adams says renegotiating the Memorial Coliseum's operating agreement can wait until after the City Council chooses a redevelopment plan.

The Portland Trail Blazers, among the finalists whose plans are being considered, currently holds the operating agreement. But developer Doug Obletz, another finalist, says the agreement needs to be changed for his proposal to proceed.

According to a letter released by the mayor’s office, Adams says all of the proposals require the agreement to be modified, including the one submitted by the Blazers because it adds a new use — a community athletic facility.

Because of that, Adams says the council can wait to renegotiate the agreement until after it picks the final proposal.

Read the full story at the Portland Tribune.

{biztweet}Memorial Coliseum operating agreement{/biztweet}

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