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Blazers Stay? City Moves Forward on Arena Deal | Portland News
Portland’s City Council just took a bold step toward keeping the Trail Blazers in town, approving a non-binding term sheet that would commit $120 million toward renovating the Moda Center — a key move as the team’s owners call the initial offer a “nonstarter.” With the county pledging $101 million and the state already on the hook for $365 million, the city is the final piece to reach the $600 million renovation goal. While owners demand tax breaks and better lease terms, NBA rules make relocation unlikely without unanimous approval from other franchises. Despite internal pushback and some…
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