Portland Sends Moda Center Terms to Blazers as Arena Deal Stalemate Deepens

The City of Portland has issued a first-term offer sheet detailing conditions for the Blazers’ involvement in Moda Center renovations, including a 20-year non-relocation commitment, labor-peace requirements, caps on public funding and cost overruns, a $3 million annual property tax offset to be shared with the city, county, and Portland Public Schools, and mandates for community access, local hiring, sustainability, and Albina-area partnerships. The move comes after ongoing public sniping between the city and the team, with NBA Commissioner Adam Silver saying negotiations were “off track.” State and county funding has been approved, and the city says it’s awaiting essential information from the Blazers to move forward.