As part of the agreement, the city will purchase the Moda Center for $1, giving it bulk ownership of the Rose Quarter.
PORTLAND, Ore. — Next week, Portland City Council will address an agreement that could keep the Trail Blazers in Portland through 2035.
The current lease with Rip City Management, which operates Moda Center, is set to expire next year. The proposed five-year lease extension with the city and Rip City would keep the Trail Blazers at Moda Center until at least 2030. It also includes an option for Rip City to extend an additional five years.
But the agreement does much more
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