Blazers’ Future in Portland Remains Uncertain as Leaders Weigh Moda Center Renovation Funding
The team rejected the city’s draft term sheet, as owner Tom Dundon seeks full public funding for a $600 million renovation, sources said.
- The Portland Trail Blazers rejected the City of Portland's draft term sheet for Moda Center renovations, calling the $573 million public investment proposal a "non-starter" and stalling lease negotiations.
- Blazers owner Tom Dundon argues the city should cover the entire $600 million cost, citing the team's economic contributions, while Portland officials refuse to fund a private business venture entirely.
- The Athletic reporter Jason Quick wrote the team and city remain "very far apart" on lease terms, while city councilor Steve Novick threatened to sue the organization last month for failing to maintain the venue as first-class.
- On July 14, NBA Commissioner Adam Silver expressed concern about the stalled agreement, stating progress has "gone off track in various ways" and hopes the deal discussed in March advances.
- With the current lease ending October 11, 2030, the organization is examining arena deals in other cities and considering whether to build a new facility in Portland rather than renovate Moda Center.
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17 Articles
What are the Trail Blazers worth to Portland and Oregon?
A general view outside Moda Center before the game between the Portland Trail Blazers and the Minnesota Timberwolves on Oct. 22, 2025 in Portland, Oregon. (Photo by Steph Chambers/Getty Images)If Portland offered the Trail Blazers a blank check to stay, how much would be enough? Next month, when a major deal-cutting deadline hits, the Portland City Council will be faced with that and other hard questions about the future of the Moda Center and i…
Portland’s New Government Is Being Stress‑Tested By the $600 Million Moda Center Deal
We are in the midst of one of the largest public‑private negotiations in Portland’s history: a $600 million package of public funding is being proposed to renovate the Moda Center, a city-owned asset and home to the Trail Blazers. This moment is a major test of Portland’s newly overhauled government: our expanded 12‑member City Council and a new charter structure specifically approved by voters to deliver more transparency, accountability, and c…
Blazers’ future in Portland remains uncertain as leaders weigh Moda Center renovation funding
City and county leaders are set to talk this week about the draft term sheet and possible public funding for Moda Center renovations, as questions swirl about the Trail Blazers’ long-term future in Portland.
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