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Portland City Council to Discuss Moda Center with Trail Blazers in Attendance
The state has pledged $365 million as officials weigh Portland’s share and county support for a 20-year lease.
- Representatives from the Portland Trail Blazers met with city officials on Thursday to discuss a new lease and the $600 million renovation of the aging Moda Center.
- The state has pledged $365 million toward the project, provided Portland contributes $120 million and Multnomah County also provides funds for the facility.
- Dewayne Hankins, the team's president of business operations, says the 30-year-old 'first-class' lease provision acts as a 'weapon' chilling negotiations and requiring amendment.
- Portland Mayor Keith Wilson dismissed potential legal action on Thursday; Multnomah County will vote on funding Aug. 6, with Portland's city council voting Aug. 12.
- New Blazers owner Tom Dundon has committed to a 20-year lease if funding is secured, though the current bridge lease expires in 2030.
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Associated Press News+13 Reposted by 13 other sources
Blazers representatives, Portland officials meet to discuss Moda Center renovation, lease
Representatives from the Trail Blazers met with Portland city councilors to discuss a new lease and the commitment of public funds to renovate the aging Moda Center.
·New York, United States
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Portland City Council set to discuss Moda Center term sheet. Will Blazers representatives be in attendance?
PORTLAND, Ore. (KOIN) -- The Portland City Council is set to publicly take up its Moda Center Renovation term sheet on Thursday for the first time. Talks about the term sheet, a formal list of demands to the Trail Blazers, come as the city negotiates a deal to renovate the arena. The city’s weighing sending [...]
·Portland, United States
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Total News Sources27
Leaning Left10Leaning Right1Center9Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 45%
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