Blazers Push for Public Funds, Threaten Relocation
Portland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Portland Trail Blazers New Owners Push for Public Funding to Renovate Moda Center Arena
The Portland Trail Blazers new owners, led by Texas billionaire Tom Dundon, are lobbying for public money to renovate the Moda Center arena. The state legislature approved a $870 million funding package, with Oregon committing $365 million, Portland pledging $400 million, and Multnomah County adding $110 million. The renovations are needed for about $600 million in upgrades. The push for public funding intensified after Dundons group bought the team for $4.2 billion and the lease ends in 2030. Local leaders, including Mayor Keith Wilson and Nike CEO Elliott Hill, have promised support to keep the team. However, some councilors are pushing back against pressure tactics, wanting guarantees for local jobs and benefits before signing off on lease terms and funding this spring and summer.
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