Moda Center Renovation Deal Approved | Portland News

Portland City Council just approved a major step toward renovating the Moda Center, voting 8-4 to move forward with a term sheet that could reshape the future of the Trail Blazers’ home. The deal, which includes a 20-year lease guarantee and community benefits, follows a recent rent hike and aims to modernize the arena while keeping it publicly owned and economically beneficial for the city. Now, it’s up to Trail Blazers Holdings and Rip City Management to decide if they’ll accept the terms — and fans are watching closely to see how this partnership evolves. 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/7d6da94b06d91e26