But it is aging and doesn't really have a major tenant, so it is worth saving? There have been proposals to turn it into a number of other things, most notably perhaps a multi-sports recreational facility. But though discussion have gone on for years, no obvious use for which it is the appropriate size and shape has arisen. Do we really need two arenas? Is there an economic model to support substantial investment in the old structure? It is worth noting, perhaps that many sports arenas of similar vintage have been demolished, off the top of my head I can think of Denver, Philadelphia, Indianapolis, Houston and Boston as cities that have said goodbye to (sometimes) beloved arenas - Boston especially. If these cities could not justify a secondary use for their arenas, I am not sure Portland can. Still, I do wish there were a way to save it.
What I wonder, as an economist, is if there is such a deep seeded attachment to the building among the general population of Portland. I suspect not, which destroys any public good argument for preserving the building. But I could be wrong. What do you think?