Oregon legislation · 2026 Legislative Measures
Oregon SB1501: Relating to the Moda Center; and declaring an emergency.
Status: Chaptered, April 6, 2026
Digest: The Act allows DAS to enter into agreements to own and operate the Moda Center. The Act sends certain tax revenue to a fund to pay for costs of the Moda Center. (Flesch Readability Score: 68.9). Authorizes the Oregon Department of Administrative Services to enter into agreements to own and oversee the operations of the Moda Center in the City of Portland. Provides that agreements may not pledge or obligate state moneys except for moneys in the Oregon Arena Fund. Creates the Oregon Arena Fund in the State Treasury. Dedicates certain tax revenues related to work in and around the Moda Center to the fund. Sets forth prerequisite conditions for tax diversion and debt issuance. Sets forth mandatory provisions of agreements relating to the Moda Center. Declares an emergency, effective on passage.
What the bill says
From the enrolled text, March 6, 2026:
83rd OREGON LEGISLATIVE ASSEMBLY--2026 Regular Session Senate Bill 1501 Sponsored by Senators WAGNER, FREDERICK, LIEBER, Representatives BOWMAN, ISADORE, NGUYEN D; Senators MANNING JR, MEEK, Representatives NELSON, PHAM H, RIEKE SMITH, WATANABE CHAPTER ................................................. Relating to the Moda Center; and declaring an emergency. SECTION 1. As used in sections 1 to 8 of this 2026 Act: (1) "Construction organization" means an employer that derives revenue in a given quarter from activities or operations directly related to the renovation or other improvement of the Moda Center. (2) "Joint authority" means the joint authority formed under section 2 of this 2026 Act. (3) "Management entity" means an entity that has a long-term operating agreement or lease to manage the Moda Center. (4) "Moda Center" means the multipurpose sports and entertainment arena known, as of the effective date of this 2026 Act, as the Moda Center, located at 1 North Center Court Street, Portland, Oregon, and the surrounding areas containing ancillary hospitality and support functions. (5) "Operating organization" means an employer that derives revenue from activities or operations that are physically located in the Rose Quarter, excluding construction organizations and performers. (6) "Performer" means a person or entity who performs, or whose employees or contractors perform, for any audience at the Rose Quarter, including, without limitation, a musical, comedic, theatrical, sports or other artistic, …