Paul Allen Re-acquires The Arena
On February 2, 2007, Allen (through his subsidiary Vulcan) and PAM announced that the parties had signed a letter-of-intent for Allen to repurchase the arena. On April 2 of that year, the deal was completed. At that point, a new Allen-owned corporation, Vulcan Sports and Entertainment, was chartered to operate Allen's sports-related properties, including the arena, the Trail Blazers, and the Seattle Seahawks. Terms of the purchase agreement were not disclosed.
Read more about this topic: Rose Garden Arena Bankruptcy
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