Blazers' Future in Portland Hangs in Balance | Portland Trail Blazers News

The Portland Trail Blazers’ future in the city hangs in the balance as their Moda Center lease is locked in until 2030—with an option to extend to 2035. City council is set to vote August 12 on funding renovations and a new 20-year deal, but tensions rise with new owner Tom Dundon, who bought the team for $4.25 billion and wants taxpayers to pay for upgrades. The city insists Dundon must contribute, fearing he may look to relocate the franchise if his demands aren’t met. Both sides need to find common ground before Portland loses its beloved NBA team. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e1ca15d395e9ed80