Blazers seek $573 million in funding for new lease negotiations

The Portland Trail Blazers are negotiating for at least $573 million in funding from local and state authorities. A vote in December will follow initial discussions involving the county, city of Portland, and the team. The Blazers plan to acquire $120 million from the city and have already secured $365 million from the state legislature, contingent on finalizing a new lease by the end of the year. Portland's city council is set to vote next week on its financial contribution, an essential step in the negotiations.

• 12:23 AMYahoo Sports — The Blazers are hoping to receive at least $573 …