I think portland COULD support a team. Lots of small-mid range businesses already support the Blazers. Rose Garden said to hold 18,200+ for a hockey configuration, but the breaker here is whether Paul Allen wants a hockey team in there.
If the Kings were to finally take the mantle from us of last team to go back to back, would anyone be disappointed/offended? Obviously bummed because it's not us anymore...
I wouldn't be offended in the least. Different if it were Chicago or Pittsburgh of course, but not LA.