Multnomah County commits $101M to Moda Center renovation amid arena funding push

Multnomah County approved a term sheet committing up to $101 million toward renovating the Moda Center as part of a roughly $600 million public funding package for the Portland Trail Blazers’ arena. The 4-1 vote starts negotiations with the City of Portland, which must contribute about $120 million, while Oregon’s $365 million state funding is already approved but contingent on local contributions, with a December vote to finalize the deal.