They first started to build the stadium on July 12, 1993. The arena opened on October 12, 1995 and the first event was a concert by David Bowie opened by Nine Inch Nails on October 25.[1] The Trail Blazers had their first game in the arena on November 3, 1995. In the game, they were defeated by the Vancouver Grizzlies 92–80.[2]
When the arena first opened on October 12, 1995, the arena didn't have a sponsor and the arena was named the Rose Garden. The name was chosen because of Portland's nickname being the Rose City.[3] In 2004, the arena was filed for bankruptcy and the ownership of the arena moved from Paul Allen to many different creditors.[4] When the creditors owned the arena for two years, the arena and the Trail Blazers were put up for sale during the spring of 2006.[5] It would later be pulled from the market.[6] On August 13, 2013, Moda Health purchased the naming rights for the arena and renamed it to the Moda Center.[7]
