Blazers, City Of Portland Remain Far Apart On Arena Funding Deal

'Weren't offering us any info': Portland city councilors share frustrations with Moda Center talks

PORTLAND, Ore. (KOIN) -- City councilors are offering mixed reactions after other city leaders sent the Blazers a first draft of a term sheet — outlining exactly what they want out of a Moda Center renovation deal. But they sent the draft to the team almost a month before the full council is voting on a [...]

Blazers: Sides are 'very far apart' on Moda negotiations

The reporting marks the first time Blazers officials (quoted anonymously) have weighed in on the state of city talks.

Blazers, City Of Portland Remain Far Apart On Arena Funding Deal

The Portland Trail Blazers and the city of Portland remain significantly apart over public funding for renovations to the Moda Center, according to a team source. The disagreement centers on a term sheet the city sent Friday outlining a proposed 20-year lease agreement. "I think we are very far apart," said the source, one of two Blazers officials granted anonymity to discuss the situation. Under the proposed terms, the Blazers would receive $60…

Trail Blazers Receive Bad News On Home Arena That Could Push Team Out Of Portland

The Portland Trail Blazers and their home city have been in a stalemate about the funding of Moda Center’s renovation. The Athletic’s Jason Quick reported a bad update about the team’s future and its home arena.  In his report, Quick wrote that the team and Portland have been “very far apart” on a new lease […] The post Trail Blazers Receive Bad News On Home Arena That Could Push Team Out Of Portland appeared first on HEAVY.

Blazers and City Increasingly at Odds Over Arena Funding

A renovation deal for Portland’s Moda Center appears to be moving further away from completion after the issuance of an initial term sheet.

Trail Blazers, Portland Officials "Very Far Apart" In Contentious Lease Talks

The Trail Blazers are “very far apart” in their negotiations with the city of Portland to provide public funding for renovations to the Moda Center, a team source tells Jason Quick of The Athletic. City officials sent the Blazers a term sheet on Friday outlining a 20-year lease agreement that includes $600MM in public funds to upgrade the arena. Quick notes that Portland is asking the team to pay $3MM per year for a property tax offset, which wo…