History
In the early 1980s, as the National Basketball Association increased in popularity, it became apparent that the 12,888 seat Memorial Coliseum, which was the home of the Portland Trail Blazers at the time, was no longer an adequate NBA facility. The Trail Blazers had sold out every home game since April 5, 1977. In 1988, the team was purchased by Paul Allen and made appearances in the NBA Finals in 1990 and 1992. Allen soon expressed a desire to build a new arena for his team, and in 1991 chartered the Oregon Arena Corporation, a private corporation with Allen as the sole shareholder, to build and operate a new facility. The team soon made an agreement with the City of Portland to build a new multi-purpose arena on the Coliseum's parking lot.
Read more about this topic: Rose Garden (arena)
Famous quotes containing the word history:
“Well, for us, in history where goodness is a rare pearl, he who was good almost takes precedence over he who was great.”
—Victor Hugo (1802–1885)
““And now this is the way in which the history of your former life has reached my ears!” As he said this he held out in his hand the fatal letter.”
—Anthony Trollope (1815–1882)
“The history of medicine is the history of the unusual.”
—Robert M. Fresco, and Jack Arnold. Prof. Gerald Deemer (Leo G. Carroll)