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Moda Center Deal Breaks Stalemate | Portland News
Portland’s Moda Center stalemate just got a major breakthrough as city leaders finally sent a draft renovation term sheet to the Trail Blazers — a move that breaks weeks of deadlock. The deal locks the team in Portland for 20 years, includes union job commitments during construction, and demands escalating annual property tax payments starting at $3 million. Though the terms mirror earlier state-approved funding, the real drama was in the tension: city officials accused the Blazers of stonewalling, while the team claimed they’d shared all info and it was the city’s turn to lead. Even the NBA…
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