Anger over bonuses for Blazers executives
Bondholders who helped finance the construction of the Rose Garden Arena, home of NBA’s Portland Trail Blazers, are calling a foul on Oregon Arena Corporation, the bankrupt parent company of the team and the stadium, for planning to pay executives performance bonuses.
According to the Portland Tribune, Oregon Arena Corporation, which posted a net loss of $4 million during the fiscal year ending in June, plans to pay company executives more than $125,000 in bonuses, including $96,750 to J.E
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