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Moda Center Deal Hits $120M Threshold | Portland News
Portland’s City Council just approved a bold $120 million funding proposal to keep the Trail Blazers in town, setting the stage for a $600 million arena overhaul. The deal demands a 20-year lease, $3.1 million annual rent, and rising tax offsets — with the city pushing for labor peace and community reinvestment. While some councilors balked over funding sources like the climate tax, others saw it as the only way to prevent a costly, empty arena and preserve Portland’s NBA legacy. Now, it’s up to new owner Tom Dundon — who wants the city to foot the entire bill — and NBA Commissioner Adam…
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