Adam Silver Visits Portland as Oregon Moves to Fund Moda Center Overhaul

The measure grants joint state ownership with a $365 million financing path, leaving a gap toward the $600 million renovation.

Overview

The NBA commissioner attended the Blazers–Jazz game, met the governor and mayor, and highlighted the arena’s multiuse role, including as home to the WNBA’s Portland Fire.
Oregon lawmakers approved a plan last week that provides joint ownership of the Moda Center with the city and a mechanism to secure $365 million for upgrades.
Project estimates place the renovation at about $600 million, indicating additional private or other funding will be required.
Paul Allen’s estate has agreed to sell the Trail Blazers to a group led by Tom Dundon, with NBA Board of Governors approval expected later this month.
Officials say modernizing the building is key to keeping the team in Portland and to competing for major events such as the NBA All-Star Game and future NCAA tournaments.