Yahoo Sports· 1h ago· 1 min read
PORTLAND, Ore. (AP) — Representatives from the Trail Blazers met with Portland city councilors on Thursday to discuss a new lease and the commitment of public funds to renovate the aging Moda Center.
The public work session comes amid the contentious negotiations over the $600 million renovation project, part of striking a long-term lease agreement with the Blazers. A current bridge lease expires in 2030.
The state has already pledged $365 million toward the deal, provided Portland contributes $120 million and Multnomah County also provides funds.
New Blazers owner Tom Dundon has previously said in interviews that he would commit to a 20-year lease that would keep the team in Portland if the state, city and county agree to fund the renovation of the Moda Center, the oldest arena in the NBA that hasn't been upgraded.
An early draft term sheet included funding caps and said any cost…
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