Portland Trail Blazers Receive Major Bad News About The Team's Future
The Portland Trail Blazers' future in Portland has been uncertain since the tense, high-stakes negotiations between new ownership under Tom Dundon and city leaders over a proposed $573 million public investment for Moda Center renovations tied to an uneasy 20-year lease deadline. Last result: San Antonio Spurs 114-95 Portland Trail Blazers (2026-04-29).
On NBA Today on Tuesday, ESPN insider Brian Windhorst delivered a grim reality check for the Blazers as he believed Dundon has been adamant about shelling out money for the renovations and is okay being seen as the bad guy in the city amid all the negotiations. And Windhorst said it's realistic but it's definitely not a done deal.
What happened?
Tom Dundon is not interested, by his own words, in giving any money for this renovation. And it's a messy one. It's not a good development if you're a Blazers fan. Tom Dundon is not someone to be trifled with. He has no problem being blunt, no problem being unpopular, and has no connection to the city of Portland.
Why it matters for Portland Trail Blazers
The current lease of the Trail Blazers in Moda Center will end in 2030. According to multiple reports, Dundon demanded full public financing to sign a 20-year lease extension, but the city has countered with strict terms. The terms included a $3 million annual property tax offset, mandatory union-labor agreements, and transparency on project designs. The Trail Blazers have labeled these city requirements a
