Paul Allen - Sports - Portland Trail Blazers

Portland Trail Blazers

Allen purchased the Portland Trail Blazers NBA team in 1988 from California real estate developer Larry Weinberg for $70 million. He was also instrumental in the development and funding of their Rose Garden in 1993. The Blazers are valued at approximately $300 million according to a 2006 issue of Forbes. Allen has been asking Portland and Oregon officials for assistance in the financing of the Blazers since 2006, which he estimated would lose $100 million over the next three years. Then-Portland Mayor Tom Potter rebuffed the requests. Allen announced the completion of the acquisition of the Rose Garden on April 2, 2007, and stated that this was a major milestone and a positive step for the franchise. He said, “My efforts are focused on continuing to support the Trail Blazers and the long-term financial health of the franchise." As of 2010, according to a 2011 issue of Forbes, the Portland Trail Blazers were worth $356 million, ranked No. 14 out of 30 NBA teams.

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1960–1968) Seattle SuperSonics (1968–1972) Cleveland Cavaliers (1972–1974) Portland Trail Blazers (1974–1975) 5,394 6,973.774 23 Ewing, PatrickPatrick. 76ers (1987) Houston Rockets (1987–1988) 4,718 6,264.753 37 Drexler, ClydeClyde Drexler* SG Portland Trail Blazers (1983–1995) Houston Rockets (1995 ...
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... See also Trail Blazers vs ... The Oregonian Several local news outlets provide in-depth coverage of the Trail Blazers ... assignment of beat writers to cover the team) include the Portland Tribune, a weekly Portland paper, and the Vancouver, Washington Columbian ...
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... Los Angeles Clippers (2008–2010) Portland Trail Blazers (2010–2012) Houston Rockets (2012) New York Knicks (2012–2013) Toronto Raptors (2013–present) 2,331 973 2.40 13 ... Philadelphia 76ers (1997–2001) Atlanta Hawks (2001–2004) Portland Trail Blazers (2004–2006) Boston Celtics (2006) Minnesota Timberwolves (2007–2008 ... Robinson PF Portland Trail Blazers (1989–1997) Phoenix Suns (1997–2001) Detroit Pistons (2001–2003) Golden State Warriors (2003–2005) New Jersey Nets (2005 ...

Famous quotes containing the words portland and/or trail:

    It is said that a carpenter building a summer hotel here ... declared that one very clear day he picked out a ship coming into Portland Harbor and could distinctly see that its cargo was West Indian rum. A county historian avers that it was probably an optical delusion, the result of looking so often through a glass in common use in those days.
    —For the State of New Hampshire, U.S. public relief program (1935-1943)

    In one notable instance, where the United States Army and a hundred years of persuasion failed, a highway has succeeded. The Seminole Indians surrendered to the Tamiami Trail. From the Everglades the remnants of this race emerged, soon after the trail was built, to set up their palm-thatched villages along the road and to hoist tribal flags as a lure to passing motorists.
    —For the State of Florida, U.S. public relief program (1935-1943)