Executive leadership met with Portland City Council in executive session to review the first‑draft term sheet for the transformative renovation of Moda Center and long‑term tenancy of the Trail Blazers. The draft reflects the City’s priorities, community feedback, and direction from Council.
The City has produced a term sheet that is reasonable, fair, and focused on keeping the Trail Blazers in Portland, ensuring the long‑term viability of the City‑owned arena, and delivering meaningful community benefits. The draft outlines a framework for a modernized, publicly owned Moda Center that supports economic vitality and strengthens the partnership between the team and the community…