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Robert S Miller

Essays on sports, gambling, markets, and institutions. Written from a long view of power, risk, and responsibility.

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Substack
PricingOnly free issuesPublishesTwice weekly
Issues38Founded10 months agoLast Issue8 days ago
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Latest Issues

What I’ll Tell My Neighbors on Monday

On Monday night I will speak at the Oregon Jewish Community Center, at a forum called “Jew Are Not Alone.” About a hundred of my neighbors are expected. Sooner or later someone will ask the question that has followed this issue around Portl...

8 days ago
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Financing Not Closed: The Broadway Corridor’s Affordable Tower Takes the Green Banana Test

The first building on the Broadway Corridor fails the Green Banana Test.

Not because it is affordable housing. Not because of who will live in it. It fails because, judged as a stand-alone enterprise with its own sponsor, its own money, it...

9 days ago
2
5

The Lockbox Amendment

Revision note, October 28. This draft carries changes prompted by two readers of the Lockbox paper. Edan Krolewicz of Rip City, Not Rip Off asked how the public’s forgone revenue and remaining risk are counted; Pete Goodman asked who could...

11 days ago
1

The Moda Lockbox

Working paper, October 2026. The owner puts $180 million into the building. The city puts $55 million in beside him. Neither one takes a cent out.

Last week I ranked Portland’s arena offer last of eleven NBA deals and last of eight renovat...

11 days ago
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Portland’s Arena Offer Ranks Last Among 11 NBA Deals. The Money Isn’t the Problem.

Portland is offering the Trail Blazers one of the most generous construction packages in the NBA. For the team that has to operate the building, it is also the least attractive of the eleven NBA arena deals we examined. Portland’s proposal...

16 days ago
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  • Robert S Miller

    I write to examine the principles, institutions, and relationships that make self-government possible, bringing evidence, experience, and independent judgment to questions where reasonable people may disagree

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