Blazers press for a broader deal beyond arena funding in Portland talks
Trail Blazers officials told Portland City Hall that a $575 million Moda Center renovation requires more than public money, urging a deal that also addresses legal risk, taxes, and Portland's business climate to keep the team in Oregon; they reject private funding and say the city’s terms are needed, while city leaders say the draft term sheet — with upfront construction funding, long-term maintenance, and a 20-year stay — is generous but contains issues like a potential property tax fee and a labor peace clause; negotiations continue ahead of an Aug. 12 vote.