Blazers Move Closer To Securing Requested Public Funding For Arena Renovations

The Multnomah County Board of Commissioners approved a term sheet Thursday that would provide up to $101.6 million toward renovating the 31-year-old Moda Center, moving the Portland Trail Blazers closer to securing requested public funding. The board voted 4-1 in favor, with the approved amount $13.6 million higher than the original $88 million proposal from March, reflecting additional maintenance and service costs. County chair Jessica Vega Pederson addressed the significance of the vote. "I...