The Portland Trail Blazers and AEG Facilities have agreed to mutually part ways.
AEG's contract expires June 30 and effective July 1, Trail Blazers Incorporated/RIP City Management will self-operate the Rose Garden.
Vice President, General Manger of Rose Quarter Operations Chris Oxley will now oversee Rip City Management.
This business shift will end a five-year partnership which will allow the Trail Blazers to return to a self-operating model such as when the Rose Garden opened 18 years ago.
“We'll have an arena staff and team staff working together. One organization connected under one owner. For us, it made sense to self-operate,” Trail Blazers President Chris McGowan told CSNNW.com. “I would like to thank AEG for being outstanding partners over the years and we look forward to continuing a positive business relationship with them in the future."
AEG is one of the leading sports and entertainment presenters that owns or controls over 100 of the world's premier facilities such as the Staples Center and American Airlines Arena.
This latest agreement is a cost-cutting measure that won't have any effect on Trail Blazer employees, ticket prices or season ticket holders.