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Oregon Legislature Approves $365M to Renovate Moda Center

3/7/2026

34 6 Full Breakdown

Summary

Story summary

The Oregon Legislature approved a $365 million bill to renovate the Moda Center and keep the Portland Trail Blazers in Portland.
Senate Bill 1501 passed the House with strong support.
Governor Tina Kotek is expected to sign Senate Bill 1501.
The bill requires a finalized sale and a minimum 20-year lease.
Lawmakers are pursuing a bonding bill to finance renovations and boost growth in the Lower Albina neighborhood.

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Story summary

The Oregon Legislature approved a $365 million bill to renovate the Moda Center and keep the Portland Trail Blazers in Portland.
Senate Bill 1501 passed the House with strong support.
Governor Tina Kotek is expected to sign Senate Bill 1501.
The bill requires a finalized sale and a minimum 20-year lease.
Lawmakers are pursuing a bonding bill to finance renovations and boost growth in the Lower Albina neighborhood.