Overview
- Team ownership led by Tom Dundon is pressing for roughly $600 million in public funding for Moda Center renovations while declining to commit private capital.
- Portland and Multnomah County have conditioned their contributions on a 20-year lease, union labor rules, and a $3 million annual fee that the Blazers call unacceptable.
- Trail Blazers executives publicly criticized Portland’s business climate, saying high taxes and a divisive political environment make investment difficult, and city officials say the team has been uncooperative in talks.
- The Oregon Legislature approved up to $365 million in state bonds for the project in March 2026 that depend on local approvals, and votes by Multnomah County on Aug. 6 and the City Council on Aug. 12 are the next decisive steps.
- If local funding fails before the end of 2026 the state money will lapse, which could intensify relocation pressure and disrupt jobs, event schedules, and planned upgrades at the Rose Quarter.