Moda Center deal
Where it standsIn August 2026 the council voted 8-4 to back a non-binding term sheet to renovate the city-owned Moda Center and keep the Trail Blazers there at least 20 more years.
What's on the tableWhether to approve the binding agreements, which the council is to consider by Dec. 31, 2026, and how to pay the city's share.
- The city's proposed commitment is $120 million, from sources yet to be confirmed, for the renovation plus $275 million over 20 years from its Spectator Venues fund. Portland City Council · Aug 12, 2026
- The state's $365 million commitment depends on binding funding commitments from the city and county by the end of 2026. Portland City Council · Aug 12, 2026
- The resolution passed 8-4; Councilors Koyama Lane, Morillo, Green and Avalos voted no. Portland City Council · Aug 12, 2026