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.

https://www.oregonlive.com/politics/2026/11/hopes-for-a-blazers-moda-center-deal-by-december-deadline-appear-all-but-dashed.html

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