Portland Arena Deal Hits Rock Bottom | Portland Trail Blazers News

Portland’s Moda Center upgrade talks are spiraling into chaos as the Blazers’ owner, Tom Dundon, refuses to fund the $600 million project, calling the city’s term sheet a “non-starter.” Tensions flare between the team, mayor’s office, and city council over a deal that lacks budget authority and is based on vague concepts — sparking outrage and a looming August 12 vote. Dundon’s public stance, plus his controversial Stanley Cup engraving of his family, only fuels the fire. NBA Commissioner Adam Silver admits the talks have “gone off track,” while city council members are stunned the term sheet was even released publicly — revealing deep fractures within leadership and a long road ahead for any resolution. 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/7552ea33660356d4