Hopes for a Blazers, Moda Center deal by December deadline appear all but dashed
Portland leaders and the Trail Blazers will almost certainly be unable to finalize a deal by next month that would pave the way for a $600 million renovation of the Moda Center and keep the team in town, jeopardizing more than half the money pledged to the proposed taxpayer-funded project.
Blazers officials still have not formally weighed in on a term sheet approved months ago by the Portland City Council or sketched the community benefit and project labor agreements, multiple sources told The Oregonian/OregonLive.
Nor has the team produced the architectural renderings or budget for the proposed makeover of the publicly owned arena as requested by state, city and Multnomah County government leaders.