Blazers Renovation Deal Heads to Vote | Portland News

Portland’s city council faces a pivotal vote tomorrow on a new deal to keep the Trail Blazers in town, featuring a $2 million annual rent payment from Rip City Management on top of existing $3 million in property taxes — all aimed at funding a $600 million arena renovation. The Central City Roundtable is pushing hard for the upgrades, arguing a modern Moda Center signals Portland’s continued appeal for big investments. Meanwhile, amendments could redirect some of the new revenue toward everyday city services. The fate of the Blazers and the future of the arena hang in the balance. 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/2f6310fc50d60e2c