The Keller is seismically vulnerable and no longer meets modern performance expectations. After years of studies, the current recommendation favors a new large venue at Portland State University followed by a smaller future for the Keller site.
The Keller is the region's only current Broadway-capable theater and draws about 400,000 visits annually. Major renovation would require closure without an equivalent temporary venue.
The City once pursued a two-large-venue strategy. A 2026 market study found insufficient support for two Broadway-scale theaters and projected stronger activity at a new PSU venue.
The pending resolution advances a roughly 3,000-seat PSU venue and initiates planning for a 1,200 to 1,800-seat future Keller. It is a direction-setting decision, not a final construction contract or complete financing plan.
- Existing venue
- Keller Auditorium, the region's current Broadway-capable theater
- Current direction
- New roughly 3,000-seat PSU venue, then a smaller future Keller
- State commitment cited
- $137.5 million
- Important limit
- The resolution is a planning direction, not permission to build