{"id":509664,"date":"2026-08-13T08:56:38","date_gmt":"2026-08-13T06:56:38","guid":{"rendered":"https:\/\/sportando.basketball\/?p=509664"},"modified":"2026-08-13T08:56:38","modified_gmt":"2026-08-13T06:56:38","slug":"portland-approves-120-million-for-moda-center-renovation-in-major-step-toward-keeping-the-trail-bla","status":"publish","type":"post","link":"https:\/\/sportando.basketball\/en\/portland-approves-120-million-for-moda-center-renovation-in-major-step-toward-keeping-the-trail-bla\/","title":{"rendered":"Portland approves $120 million for Moda Center renovation in major step toward keeping the Trail Bla"},"content":{"rendered":"

The Portland City Council<\/strong> has approved $120 million<\/strong> in funding for renovations to the Moda Center<\/strong>, marking a major milestone in the effort to keep the Portland Trail Blazers<\/strong> in the city for the long term.<\/p>\n

The non-binding term sheet passed by an 8-4 vote<\/strong>, with an amendment requiring the Trail Blazers to pay approximately $3.1 million per year in rent<\/strong>.<\/p>\n

While the vote does not guarantee the team’s future in Portland, it officially launches a 4\u00bd-month negotiation period<\/strong> between the city and the franchise to finalize a new lease agreement.<\/p>\n

With the latest approval, state, county and local governments have now committed more than $573 million<\/strong> toward the arena renovation project. A final agreement must be completed by December 31<\/strong> for the team to access an additional $365 million<\/strong> previously approved by the Oregon Legislature, while the City Council is expected to vote on the final lease on December 17<\/strong>.<\/p>\n

The Trail Blazers’ current lease at the Moda Center expires in October 2030<\/strong>, but both sides are negotiating a 20-year extension<\/strong>. Team owner Tom Dundon<\/strong> has argued that the franchise should not be required to contribute financially to the renovation, while team president Dewayne Hankins<\/strong> recently described Portland as a challenging business environment for the organization.<\/p>\n

Another unresolved issue involves a lease clause requiring the Trail Blazers to maintain the Moda Center to a “first-class” standard. The franchise wants the clause removed, arguing it creates unnecessary legal exposure, but city officials have so far refused to make that change.<\/p>\n

Opened in 1995, the Moda Center<\/strong> is currently the only NBA arena that has never undergone a major renovation<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The City Council has approved funding for the arena project, paving the way for negotiations on a new 20-year lease with the NBA franchise.<\/p>\n","protected":false},"author":145,"featured_media":509663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_spbk_hide_featured":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[92],"tags":[],"rumors":[],"typology":[],"posizionamento":[],"class_list":["post-509664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nba"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/sportando.basketball\/wp-content\/uploads\/sites\/5\/2026\/08\/Moda_Center_Portland_Oregon_2025_-_10.jpg","digistream_id":0,"digistream":false,"_links":{"self":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/509664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/users\/145"}],"replies":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/comments?post=509664"}],"version-history":[{"count":0,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/509664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/media\/509663"}],"wp:attachment":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/media?parent=509664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/categories?post=509664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/tags?post=509664"},{"taxonomy":"rumors","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/rumors?post=509664"},{"taxonomy":"typology","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/typology?post=509664"},{"taxonomy":"posizionamento","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posizionamento?post=509664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}