Portland City Council voted 8-4 on Wednesday to approve a term sheet for negotiations over major renovations to the Moda Center, intended to secure the Portland Trail Blazers' presence in the city. The approved term sheet commits up to $120 million in city funding and authorizes formal negotiations expected to conclude with a final council vote in December.
4 of 5 articles were readable. Headline only, no body text retrieved, for: kptv.com. Nothing below is drawn from those outlets beyond their headline.
Who reported it
- katu.comINDEP
- kptv.comINDEP
- ktvz.comINDEP
- opb.orgUNCLASSIFIED
- rosegardenreport.comUNCLASSIFIED
References
- katu.comPortland City Council approves term sheet for Moda Center upgradesScreenshot as publishedOriginalcaptured 2026-08-13T14:08:52
- kptv.comPortland City Council approves new term sheet for renovation of Moda Center in 8-4 voteScreenshot as publishedOriginalcaptured 2026-08-13T14:08:52
- ktvz.comPortland City Council votes 8-4 to approve $120M Moda Center renovation term sheetScreenshot as publishedOriginalcaptured 2026-08-13T14:08:52
- opb.orgPortland City Council approves term sheet for Moda Center renovations - Oregon Public BroadcastingScreenshot as publishedOriginalcaptured 2026-08-13T14:08:52
- rosegardenreport.comPortland City Council Approves $120 Million Term Sheet for Moda Center Funding: What Comes NextScreenshot as publishedOriginalcaptured 2026-08-13T14:08:52
Carried by multiple outlets
- Portland City Council voted 8-4 on Wednesday to approve a term sheet for Moda Center renovationskatu.com, ktvz.com, opb.org, rosegardenreport.com
- Councilors Mitch Green, Candace Avalos, Tiffany Koyama Lane, and Angelita Morillo voted nokatu.com, opb.org
- The city is committing up to $120 million toward renovations of the Moda Centerktvz.com, opb.org, rosegardenreport.com
- The term sheet is nonbinding and kicks off formal negotiations with the Trail Blazersktvz.com, opb.org
- The goal is to keep the Portland Trail Blazers in the city for at least another 20 yearskatu.com, ktvz.com
- Tom Dundon is the Trail Blazers' new owneropb.org, rosegardenreport.com
- and 1 more, not shown
Reported by one outlet only
- The proposal includes a late amendment to ask for $3.1 million in annual rent from the team, with an escalator tied to inflation, in addition to $3 million a year in lieu of property taxesonly katu.com
- The city's ongoing commitment of capital expenses would be covered by a 6% ticket tax and parking revenue in the city-owned East and West garagesonly katu.com
- The term sheet was drafted with changes to language and authority granted to the arena's Joint Authority with the city, county, and state compared to a July draft versiononly katu.com
- Councilor Sameer Kanal, who voted in favor, stated 'A yes vote doesn't lock anything in but keeps the door open for negotiations'only ktvz.com
- Portland Trail Blazers President of Business Operations Dewayne Hankins released a statement Wednesday afternoon supporting the city's approved term sheet and committing to good faith negotiationsonly ktvz.com
- Councilor Elana Pirtle-Guiney said 'We have a massive decision about what to do with the city-owned space and we don't have a good faith negotiating partner' but voted to support the planonly opb.org
Reported unevenly
- The total amount of additional city funding beyond the $120 million base commitment—specifically whether there is a separate $275 million in ongoing funding for approved capital expensesstated by katu.com · absent from ktvz.com, opb.org, rosegardenreport.com




