Portland Approves Money For Moda Center Upgrade; New Trail Blazers Lease Is Required
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Portland Approves Money For Moda Center Upgrade; New Trail Blazers Lease Is Required
Portland City Council voted Wednesday to contribute $120MM to renovate the Moda Center, but that doesn’t guarantee a long-term future for the Trail Blazers in the city, according to Mike Vorkunov of The Athletic, Shane Dixon Kavanaugh of the Oregonian (subscription required) and Sean Highkin of Rose Garden Report (subscription required). State, county and local […]
Publisher:Hoops Rumors
Lead articleArticle published:Portland Approves $120M For Blazers' Moda Center Renovation
The Portland City Council approved $120 million in funding on Wednesday to renovate the Moda Center, a key step in efforts to keep the Portland Trail Blazers in the city long-term. The council passed a non-binding term sheet by an 8-4 vote. An amendment attached to the measure would require the Blazers to pay approximately $3.1 million in annual rent. The vote represents the final piece of a monthslong process to secure arena financing, though it does not guarantee the team remains in Portlan...
Publisher:RealGMArticle published:
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