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Moda Center Deal in Limbo | Portland News
Portland’s Moda Center is at the center of a brewing political firestorm as “We Are Rip City” demands $120 million in city funds for renovations — while billionaire owner Tom Dundon remains silent on funding details or project specifics. Mayor Wilson criticizes the lack of transparency, even as NBA Commissioner Adam Silver hints the deal is stalled. City officials push forward with a draft term sheet requiring 20 years of home games at the arena, labor peace, and $3 million annually to replace lost tax revenue — with a council vote looming August 12. Meanwhile, national headlines include a…
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