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City Sends First Draft Moda Lease Terms To Blazers, To Surprise of Council

Some councilors are frustrated over a process they say has excluded them and backed the city into a financial corner that weakens negotiating power.
Avatar photo by Courtney Vaughn

Updated: 4:48 pm July 17 The city of Portland delivered the first draft of a term sheet to the Trail Blazers management on Thursday, July 16, setting the city one step closer to a long-term lease agreement with the team for the Moda Center. No terms have been finalized, and the Council is in disagreement […]

Posted inNews

Should Portlanders Pay Hundreds of Millions for a Refurbished Moda Center? City Councilors Say “Not So Fast”

With local budget cuts looming and Trail Blazers ownership committing to stay in Portland, some city leaders aren’t ready to pull out the checkbook.
Avatar photo by Abe Asher

On the heels of an intense lobbying campaign by the Portland Trail Blazers, the Oregon Legislature last month passed a $365 million funding package to renovate the Moda Center contingent on the Blazers remaining in Portland under new majority owner Tom Dundon. State leaders trumpeted the passage of the funding package as an economic boon […]

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