Story perspectives

Portland's Clean Energy Fund Sparks Controversy Over Moda Center Renovation

4/9/2026

Summary

Story summary

Portland, Oregon's Clean Energy Fund (PCEF) now generates about $200 million annually, far above expectations.
A proposed $75 million of PCEF funds for renovating the Moda Center, home of the Trail Blazers, has sparked debate.
Critics say the move diverts funds from climate projects, while supporters argue it could enhance sustainability and benefit Albina District.
City officials must balance community needs with climate goals as competing fund priorities emerge.

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Story summary

Portland, Oregon's Clean Energy Fund (PCEF) now generates about $200 million annually, far above expectations.
A proposed $75 million of PCEF funds for renovating the Moda Center, home of the Trail Blazers, has sparked debate.
Critics say the move diverts funds from climate projects, while supporters argue it could enhance sustainability and benefit Albina District.
City officials must balance community needs with climate goals as competing fund priorities emerge.