Portland City Council approves term sheet for Moda Center renovations
Yahoo Sports • 1 min read • Latest: Aug 12, 2026, 9:01 PM
Last updated Aug 12, 2026
The Portland City Council has approved a term sheet related to renovations at the Moda Center, a facility critical to the local NBA team. The vote passed 8-4 and includes an increase of over $3 million in annual rent. Discussions will continue as the Portland Trail Blazers have previously expressed dissatisfaction with the terms. The council's vote marks a significant step in what could be a lengthy negotiation process ahead.
- •Portland City Council approved the term sheet with an 8-4 vote.
- •Renovations include a more than $3 million annual rent increase.
- •Portland Trail Blazers have previously opposed the original terms.
- •Negotiations are expected to continue following this approval.
- 9:01 PMYahoo Sports — Portland City Council approves term sheet on Moda Center renovations
"Portland City Council approves term sheet on Moda Center renovations
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