KATU News reached out to the Trail Blazers organization, and a spokesperson said:<\/p>\n
\u201cI can confirm we received a draft term sheet this afternoon, and we\u2019re reviewing the document now.\u201d<\/p>\n
A number of councilors are still unsure whether they\u2019d ultimately support a $120 million investment without any commitment from the team to share revenue or contribute to the project. Others say it\u2019s a unique opportunity to leverage state and county investment in the project.<\/p>\n
\u201cWe want to get something in front of them, because we have to have something [to know] if they will agree to those terms or not \u2013 something that we can come back to our council and say, \u2018Hey, these are the terms they agreed upon, and these are the terms that they’re saying they want to negotiate on.\u2019 So, we have to be able to get that document to them in some shape or form to start, initially, those negotiations with the Blazers,\u201d Lee said.<\/p>\n
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\u201cWe want to get something in front of them, because we have to have something [to know] if they will agree to those terms or not,\u201d city administrator Raymond Lee said after an executive session on the term sheet. (KATU)<\/p>\n
It follows Wilson\u2019s comments Tuesday that the team is withholding information and ignoring requests to discuss the nearly $600 million publicly-funded arena renovations.<\/p>\n
\u201cWe are operating on an aggressive timeline to reach a new lease, and we have been explicit with the Blazers that design information and clarity around public investment are necessary to move forward,\u201d Wilson said Tuesday. \u201cThe absence of essential details from Blazers is slowing progress at a moment when urgency is required. We know the NBA is committed to Portland, and we look forward to working with them to ensure negotiations on a renovated Moda Center and a new long-term lease happen in good faith.\u201d<\/p>\n
The team pushed back on that characterization in response.<\/p>\n
“The City has more information than state leaders had during the legislative session. The Trail Blazers are ready to begin formal negotiations immediately using the framework set for us by SB1501 and the $365 million already made available for this project,\u201d team spokesperson Charles Boyle said. “However, the parties must reach an agreement this year. We share the City\u2019s sense of urgency. The next step is for the City to bring a term sheet to the table.”<\/p>\n