- Associated Press - Friday, June 10, 2016

PORTLAND, Ore. (AP) - The National Trust for Historic Preservation has labeled a Portland building a National Treasure in an effort to help save it.

The Oregonian/Oregon Live reports (https://bit.ly/1RZkK24 ) that the designation was announced Thursday. It doesn’t offer special protections, but it means the preservation group is invested in the future of the Veterans Memorial Coliseum.

The 56-year-old sports venue is known for its modern architectural style, but it has racked up deferred maintenance and become a money pit for the city.

Its future has been uncertain since 2009, when the mayor considered tearing it down. There’s been talk of fixing it up, but a study found that remodeling would still result in a loss of money.

The Trust hopes to work with the city to restore the building.

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This story has been corrected to remove reference to financial viability.

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Information from: The Oregonian/OregonLive, https://www.oregonlive.com

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