Moda Center announces multimillion-dollar makeover

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Friday, March 21, 2014

The Rose Quarter will undergo a multi-year upgrade costing more than $16 million.

"During the upcoming offseason, there will be extensive construction around the Moda Center that will raise the level of what guests can experience on almost any night at the Rose Quarter,” said Trail Blazers and Moda Center CEO Chris McGowan.

Here are some of the highlights:

  • The 1,800 Club Level Seats will be refurbished.
  • 20 of the arena's 66 private suites will be completed renovated.
  • 12 "Studio Suites" that seat fourwill be added to the Suite Level.
  • The Rose Room will be turned into a private membership club designed to encourage business networking.
  • A glass-enclosed bar offering downtown views will be added in the 300 Level.

Read more at Portland Business Journal

 

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Editor's Letter: Power Play

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There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:

Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures.

New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

The authors, Henry Timms and Jeremy Heimans, don’t necessarily favor one form of power over another but merely outline how power is transitioning, and how companies can take advantage of these changes to strengthen their positions in the marketplace. 

Our Powerbook issue might be viewed as a case study in the new-power transition. This annual book of lists provides information on leading businesses, nonprofits and universities in the state. Most of the featured companies are entrenched power players now pursuing more flexible and less hierarchical approaches to doing business. Law firms, for example, are adopting new technologies and fee structures to make legal services more accessible and affordable.

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Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.

New power is not only about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”

That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!

— Linda


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