Blazers weigh meeting with Portland on Moda Center lease amid funding stalemate

Portland’s Trail Blazers and the city remain far apart on a new 20-year Moda Center lease as negotiations center on public funding and how the funds would be used; the City Council is set to vote Aug. 12 on the draft term sheet, while owner Tom Dundon has signaled a deal only with roughly $575 million in public funding. The state’s package depends on local funding, with $208 million to be provided locally and $120 million already earmarked by the city, though details and uses are still unclear. The Blazers have been reluctant to share specifics or commit to a Thursday work session, and leaders on both sides have publicly pressed for more transparency amid ongoing talks.