Portland is also seeking a new 20-year lease agreement with the team, the current lease expires in 2030.
PORTLAND, Oregon — The city of Portland is considering a public investment package of up to $365 million for renovations and ongoing maintenance at the Moda Center as part of efforts to keep the Portland Trail Blazers in the Rose City, according to a city spokesperson.
The potential package includes $125 million for arena renovations and $12 million per year over 20 years for ongoing facility investments.
City leaders are also evaluating whether $75 million of the investment could come from the Portland Clean Energy Community
→ Continue reading at KGW TV