Arena Lease Negotiations and Relocation Threats
City Council approved a term sheet 8-4 with $120M upfront and $275M over 20 years, plus state/county contributions totaling $573M. Blazers haven't accepted; council divided. Tom Dundon's reluctance to pay key tension. Adam Silver mediating. Final lease vote in December; relocation threats persist. Meetings now twice weekly.
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Updated Aug 15, 2026