{"id":773475,"date":"2026-07-20T07:43:08","date_gmt":"2026-07-20T07:43:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/773475\/"},"modified":"2026-07-20T07:43:08","modified_gmt":"2026-07-20T07:43:08","slug":"report-citys-term-sheet-non-starter-for-blazers-dundon","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/773475\/","title":{"rendered":"Report: City\u2019s Term Sheet \u2018Non-Starter\u2019 for Blazers, Dundon"},"content":{"rendered":"<p class=\"duet--article--dangerously-set-cms-markup _1bij9g78 _1mt21p01\">\u201cI think we are very far apart,\u201d said a team source Sunday, one of two within the Blazers who were granted anonymity to discuss the situation freely.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup _1bij9g78 _1mt21p01\">On Friday, the city of Portland sent the Blazers a term sheet for a 20-year-lease agreement. If the Blazers agree to the terms, the team would receive $600 million in public funds to renovate the Moda Center. Of significance, the city is asking the Blazers to pay $3 million annually for a property tax offset, which would escalate over time. Additionally, the deal would require the Blazers to hire union workers and set caps on project-cost overruns.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup _1bij9g78 _1mt21p01\">\u201cThe term sheet is a non-starter,\u201d the source said. \u201cI don\u2019t know why they sent it to us, because they know very little of the stuff we would agree to. They are playing politics at this point.\u201d<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup _1bij9g78 _1mt21p01\">The Trail Blazers\u2019 board of directors meets Monday and will address the term sheet to determine a course of action.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cI think we are very far apart,\u201d said a team source Sunday, one of two within the Blazers&hellip;\n","protected":false},"author":2,"featured_media":773476,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[76835,355,99],"class_list":["post-773475","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nba","tag-blazers-news","tag-nba","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/773475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=773475"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/773475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/773476"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=773475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=773475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=773475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}