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City Council Approves $400M Trail Blazers Renovation Deal

By Drooid · Sep 27, 2026, 6:13 PM UTC · How we work

Summary

Story summary

Cyclists rallied at the Moda Center demanding a fairer renovation deal from Trail Blazers owner Tom Dundon.
Organizers say the proposed deal could cost Portland $400 million over 20 years.
Portland City Council approved the term sheet in an 8-4 vote in August.
A final council vote on the renovation is expected by December.
Portland faces a $170 million budget deficit, prompting cuts to homeless services and 99 city employee layoffs.

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Story summary

Cyclists rallied at the Moda Center demanding a fairer renovation deal from Trail Blazers owner Tom Dundon.
Organizers say the proposed deal could cost Portland $400 million over 20 years.
Portland City Council approved the term sheet in an 8-4 vote in August.
A final council vote on the renovation is expected by December.
Portland faces a $170 million budget deficit, prompting cuts to homeless services and 99 city employee layoffs.