The Multnomah County Board of Commissioners approved a term sheet to allocate up to $101.6 million for renovating the Moda Center, aiding the Portland Trail Blazers in securing public funding. This vote, which was 4-1 in favor, reflects an increase from the original proposal and aims to demonstrate the county’s commitment to retaining the team. The Blazers seek a total of $573 million from various sources, with a city council vote on a $120 million contribution scheduled soon. Tensions over lease language persist, although city officials have stated they do not intend to sue the team.
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Blazers Advance Toward Public Funding for Arena Renovations
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