The $600MM Moda Center renovation is almost certain to miss a December deadline for public funding, The Oregonian reports. The state's $365MM share depends on a deal, with the city ($120MM) and county ($88MM) also involved. Sources say owner Tom Dundon won't commit to the 20-year lease extension state lawmakers required; the current lease runs through 2030. The Blazers said on Thursday they want a resolution.
"That timeline is simply not going to happen at this point. There's not been meaningful progress." — Jamie Dunphy, Portland Council President
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