{"id":814687,"date":"2026-07-20T18:29:08","date_gmt":"2026-07-20T18:29:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/814687\/"},"modified":"2026-07-20T18:29:08","modified_gmt":"2026-07-20T18:29:08","slug":"trail-blazers-portland-remain-far-apart-on-moda-center-funding","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/814687\/","title":{"rendered":"Trail Blazers, Portland remain far apart on Moda Center funding"},"content":{"rendered":"

Discussions are \u201cwidening\u201d between the Trail Blazers and the city of Portland on a new Moda Center lease agreement as the team\u2019s new ownership \u201clooks for public funding<\/a> to renovate the arena,\u201d according to Jason Quick of THE ATHLETIC. A team source said Sunday, \u201cI think we are very far apart.\u201d On Friday, the city of Portland sent the Blazers a term sheet<\/a> for a 20-year-lease agreement. If the Blazers agree to the terms, the team would receive $600M in public funds to \u201crenovate the Moda Center<\/a>.\u201d Quick noted of significance, the city is asking the Blazers to pay $3M annually for a property tax offset, which \u201cwould escalate over time.\u201d Additionally, the deal would \u201crequire the Blazers to hire union workers and set caps on project-cost overruns.\u201d The source added, \u201cThe term sheet is a non-starter.\u201d Quick noted the Trail Blazers\u2019 BOD meets Monday and \u201cwill address the term sheet to determine a course of action.\u201d The city is \u201cset to vote on the funding Aug. 12\u201d and a deal \u201cmust be struck before Dec. 31\u201d for $365M in state funding to be included. The Blazers\u2019 lease ends in 2030, and there is \u201cunspoken tension about whether new owner Tom Dundon would move the team to another city.\u201d Sources, though, said that Dundon has \u201cnever mentioned relocating the Trail Blazers\u201d (THE ATHLETIC, 7\/19<\/a>).<\/p>\n

TALKS STALLING: Multnomah County leaders last week said in a letter that they \u201chad not had a meaningful opportunity to ensure the county\u2019s proposed\u201d $100M contribution to Moda Center renovations \u201ccame with clear community benefits.\u201d In Portland, Shane Kavanaugh noted Portland Mayor Keith Wilson has \u201cproposed tapping\u201d $120M in city funds to support the project. Multnomah County Chair Jessica Vega Pederson and Commissioners Julia Brim-Edwards and Meghan Moyer said that interest on the bonds the county would use to back its funding would \u201cbring their total investment closer\u201d to $125M. The \u201creset\u201d demand comes just as Portland leaders \u201cappeared on track to reach an Aug. 12 vote\u201d (Portland OREGONIAN, 7\/17<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"Discussions are \u201cwidening\u201d between the Trail Blazers and the city of Portland on a new Moda Center lease…\n","protected":false},"author":2,"featured_media":814688,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[434],"tags":[49,48,14088,459,82],"class_list":["post-814687","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nba","tag-ca","tag-canada","tag-legal","tag-nba","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/814687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=814687"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/814687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/814688"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=814687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=814687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=814687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}