Portland councilors back $120M for Moda Center, in key milestone toward Blazers deal

Published on: 08/12/2026

This news was posted by Oregon Today News

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Wednesday’s vote caps months of heated debate that has divided Portlanders, prompted rounds of finger-pointing between local elected leaders and team officials and cast a harsh spotlight on Trail Blazers owner Tom Dundon, who led the purchase of the team for $4.25 billion in March.

The Portland City Council on Wednesday affirmed the city’s financial commitment toward a potential $600 million Moda Center renovation sought by the Trail Blazers, and set out provisions Portland will seek in negotiations for a new long-term lease with the team.

News Source : https://www.oregonlive.com/politics/2026/08/portland-councilors-back-120m-for-moda-center-in-key-milestone-toward-blazers-deal.html

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