Phil Knight's $400 Million Investment in Portland's Black Community Signals Hope for Albina Neighborhood.
TL;DR Summary
Phil and Penny Knight's $400 million investment in Portland's Black community through the newly created 1803 Fund is more important than owning the Trail Blazers. The investment goes toward the "Rebuild Albina" project and invests in "education, place and culture and belonging" to strengthen Portland's Black community. This investment transcends ownership of the Blazers and is a far cry from the self-serving motivations of other billionaires. The investment cuts through the circular question of whether sports are what will bring Portland back or whether Portland needs to come back before increasing its sports portfolio.
- Bill Oram: Why Phil Knight’s $400 million investment in Portland’s Black community is more important than own OregonLive
- Phil Knight Donates $400 Million to Rebuild Portland's Black Community - WSJ The Wall Street Journal
- $400 million donated to benefit Portland's Black community KOIN 6
- Phil and Penny Knight pledge $400 million for Portland’s historically Black Albina neighborhood OregonLive
- Phil Knight investing $400 million in Albina neighborhood KPTV FOX 12 Oregon
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