Trail Blazers Arena Deal in Peril | Portland Trail Blazers News

The Moda Center is aging and needs a $600M overhaul — but the Portland Trail Blazers’ owner, Tom Dundon, won’t chip in a dime, claiming his commitment to staying in Portland and paying current taxes is enough. Oregon has pledged $365M, but it’s conditional: Portland must contribute $120M and Multnomah County $88M by end of 2026 or lose the funds. City Council wants detailed plans, a 20-year lease, union labor, and a $3M annual tax offset — demands the team rejects as “non-starter.” With relocation history looming (think SuperSonics), fans and officials are nervous as August votes loom and the funding deadline nears. 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/878904ed45e6ccf7