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:
“The principal office of history I take to be this: to prevent virtuous actions from being forgotten, and that evil words and deeds should fear an infamous reputation with posterity.”
—Tacitus (c. 55–c. 120)
“American time has stretched around the world. It has become the dominant tempo of modern history, especially of the history of Europe.”
—Harold Rosenberg (1906–1978)
“It’s nice to be a part of history but people should get it right. I may not be perfect, but I’m bloody close.”
—John Lydon (formerly Johnny Rotten)