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League: NBASport: BasketballCountry: United StatesCategory: Recruiting

Trail Blazers and Portland officials discuss Moda Center lease and renovations

2 sources • 1 min read • Latest: Jul 31, 2026, 1:20 AM

Last updated Jul 31, 2026

Trail Blazers and Portland officials discuss Moda Center lease and renovations
Summary

Representatives from the Trail Blazers met with Portland city councilors on July 30 to negotiate a new lease and discuss funding for the renovation of the Moda Center. The proposed $600 million project requires contributions from the state, city, and Multnomah County, which have pledged $365 million, $120 million, and additional funds, respectively. The current lease expires in 2030, and negotiations are contentious, especially regarding existing terms that the team argues are outdated. The Multnomah County vote on funding is set for August 6, followed by a Portland city council vote on August 12.

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KATUESPN NBAYahoo Sports
Key Details
  • •Negotiations focus on a $600 million renovation for the aging Moda Center.
  • •The state commits $365 million, while Portland and the county need to provide $120 million.
  • •A bridge lease agreement must be amended before discussions can progress.
  • •The current lease expires in 2030, with votes on funding scheduled in early August.
  • •The Blazers' ownership seeks a long-term commitment to keep the team in Portland.
Latest Updates
  • 3:00 AMKATU — Portland Trail Blazers call city council's proposed Moda Center term sheet a 'non-starter' - KATU
  • 2:00 AMESPN NBA — Blazers, Portland officials talk Moda Center revamp
  • 12:07 AMYahoo Sports — Blazers representatives, Portland officials meet to discuss Moda Center renovation, lease
What they're saying
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Representatives from the Trail Blazers met with Portland city councilors on Thursday to discuss a new lease and the commitment of public funds to renovate the aging Moda Center. The public work session comes amid the contentious negotiations over the $600 million renovation project, part of striking a long-term lease agreement with the Blazers. The state has already pledged $365 million toward the deal, provided Portland contributes $120 million and Multnomah County also provides funds.

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Representatives from the Trail Blazers met with Portland city councilors to discuss a new lease and the commitment of public funds to renovate the aging Moda Center.

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Portland and the Trail Blazers remain divided over key terms of a Moda Center deal, but both sides say they remain committed to reaching an agreement.

— KATUby Vasili Varlamos and Wright Gazaway
Related Teams & Leagues
Portland Trail BlazersNBABasketball

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