One of the most interesting political fights in Portland right now isn’t happening between conservatives and progressives.
It’s happening inside Portland’s own political left.
Today, about 75 Democratic Socialists of America and public union members protested outside the Moda Center during a Portland Metro Chamber event featuring business leaders, elected officials, and new Trail Blazers owner Tom Dundon.
The protest was promoted and attended by city councilors Koyama Lane, Morillo & Green was simple: no public money for billionaires. But the issue is more complicated than a protest sign.
Tom Dundon bought the Trail Blazers. He did not buy the Moda Center. The arena is owned by the City of Portland.
And after more than 30 years, many of the building's major systems—from bathrooms and elevators to kitchens, technology, and other infrastructure—are due for significant upgrades. As a matter of fact, the facility is actually the worst in the NBA, a league where other cities have invested billions into their facilities and infrastructure over the last decade.
As the protest raged outside, Dundon calmly told those on hand at the meeting that Portland poses a huge challenge due to its high tax rates, something he wouldn’t have to contend with in places such as Nashville or Austin.
So, the question isn't simply whether taxpayers should subsidize a billionaire.
It's whether Portland should invest in a city-owned asset to keep the Blazers in Portland.
The financing is also more nuanced than many people realize. One proposal under discussion would use bonds backed by tax revenue generated by the team and arena activity, including income taxes tied to player salaries and related economic activity.
Supporters argue that the arena helps generate the revenue used to repay those bonds while preserving jobs, tourism, and economic activity downtown.
Critics argue that it's still public financing and that those public dollars should be directed toward other priorities instead.
It's also worth noting who was inside the event.
The protesters weren't just demonstrating against the Business Chamber or a billionaire team owner. They were protesting an event featuring liberals such as Senate President Rob Wagner, Senator Kate Lieber, Mayor Keith Wilson, and Multnomah County Chair Jessica Vega Pederson.
JVP is particularly interesting because she has often aligned with many priorities championed by the DSA and Portland's leftists.
And based on the signs, this wasn't just about the Moda Center. Protesters raised concerns about workers' rights, corporate influence, PCEF funding, data centers, social housing, and more.
Today’s protest is bigger than financing the Moda Center remodel. It's about two very different visions for Portland.
One believes strategic public-private investment is necessary to rebuild and revitalize Portland and keep major civic assets viable.
The other believes public resources should be directed first toward government-led programs and social priorities rather than partnerships with private businesses.
That growing divide inside Portland's governing coalition may end up shaping the city's future just as much as any election.
Special thanks for the DSA for the lunch and drinks today.