Oregon lawmakers pledge $365 million to Portland arena revamp

Oregon state lawmakers have pledged $365 million for an overhaul of the Portland arena to secure the Trail Blazers' future in the city. This commitment follows the acquisition of the team by Tom Dundon for $4.25 billion. Civic leaders, including Mayor Keith Wilson, highlighted the project's potential economic benefits, with a total estimated cost of $600 million, entirely funded by taxpayers. The arena renovation is part of a bipartisan effort to maintain the franchise's presence in Portland.

• 4:21 AMYahoo Sports — A drumbeat of laudatory speeches praised state …