Public funds drive Moda Center overhaul to keep the Blazers in Portland

1 min read
Source: Oregon Public Broadcasting - OPB
Public funds drive Moda Center overhaul to keep the Blazers in Portland
Photo: Oregon Public Broadcasting - OPB
TL;DR Summary

Portland and Oregon officials are near a roughly $870 million public package to renovate Moda Center in exchange for a 20-year lease guaranteeing the Blazers stay in Portland, funded through state bonds, city and county contributions, and various revenue streams; negotiations continue amid concerns about funding sources and potential team relocation as the sale to Tom Dundon progresses.

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