Multnomah County Commissioners Approve $101 Million to Keep Trail Blazers and Boost Local Economy
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The Multnomah County Board voted 4-1 to responsibly allocate up to $101 million toward the $600 million needed for the Moda Center renovation, demonstrating a commitment to preserving Portland’s sports legacy and stimulating economic growth, pending further negotiations with the city and the Trail Blazers.
The Multnomah County Board of Commissioners voted Thursday to approve a term-sheet resolution that would provide up to $101 million toward the much-needed renovation of the Moda Center, home of the Portland Trail Blazers and a vital economic engine for the city. The measure passed 4-1 at a special meeting, as commissioners work to ensure the investment is structured to maximize returns for taxpayers and the local economy.
Chair Jessica Vega Pederson emphasized that the vote sends a clear message to the NBA and its board of governors: Multnomah County is serious about keeping the Trail Blazers in Portland, protecting jobs, and maintaining the city’s national profile. The county’s share is part of a $600 million public funding package the Trail Blazers are seeking, with the state already approving $365 million—contingent on the county and City of Portland stepping up to meet their responsibilities.
With the county’s commitment secured, the project now awaits a $120 million contribution from the city, whose council is set to vote on August 12. Both the county and city votes are important first steps that will lead to detailed negotiations among the county, city, and Trail Blazers, ensuring that taxpayer dollars are used wisely before a final decision is made in December.
A local news outlet reported that the county’s term sheet includes up to $101 million for renovations and ongoing capital expenses, an offset payment to cover county debt, and a seat on the joint authority overseeing the project. While not all provisions are guaranteed in the final agreement, the county is taking prudent steps to protect its interests and keep Portland’s economy strong.