Blazers, Portland head for August votes with $600M arena deal unresolved

State's $365 million commitment expires at year-end.

Wire Report IntelligenceUpdated Aug 21 min read

What happened: The Portland Trail Blazers seek a fully public renovation package for Moda Center, while owner Tom Dundon plans no direct contribution. The city's draft terms pair its $120 million share with a binding 20-year non-relocation agreement.

Why it matters: Either local rejection would collapse the state-backed funding package. The Trail Blazers' current lease runs through 2030, putting their long-term Portland future at the center of negotiations.

By the numbers: Moda Center is 31 years old. The proposed public package combines $365 million from Oregon, $120 million from Portland and $88 million from Multnomah County.

What to watch: Multnomah County votes Aug. 6, followed by Portland City Council's term-sheet vote Aug. 12.

Sources

Yahoo NBA 2026-08-02T23:08:24.509197+00:00

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Blazers, Portland head for August votes with $600M arena deal unresolved

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