Trail Blazers’ Valuation and Proposal for State Funding
Last summer, Tom Dundon disclosed the Portland Trail Blazers’ market value at $4.25 billion. As the new owner approaches the upcoming legislative session in Salem, the focus will shift to assessing the team’s worth to Oregon.
Legislators will soon review a proposal from Trail Blazers executives that may seem familiar, as it resembles legislation from the previous year that aimed to support Portland’s efforts to attract Major League Baseball.
Sources indicate that the Blazers are asking for redirection of state income taxes on players and employees—estimated at $20 million annually—toward a $600 million renovation of the Moda Center, which is essential for retaining the franchise.
President Dewayne Hankins highlighted the Blazers’ significance to Oregon’s economy and culture, noting that the Moda Center serves a broader purpose beyond basketball. Since early 2023, discussions regarding a long-term lease extension and investment in the center’s future have taken place with city and public officials.
The sale of the team, finalized this spring, enables Dundon and the Allen Estate to seek funding solutions. Securing state money before Dundon’s official ownership is crucial, as it would stabilize the franchise’s future in Portland, especially since Moda Center is known as the oldest unrenovated arena in the NBA.
As the Blazers prepare to pitch a large-scale renovation project starting in 2027, they aim for completion by 2029, ideally aligned with the 2030 Women’s Final Four. This event could showcase Portland’s capacity to host major gatherings and further solidify its standing in the sports community.
However, the critical question remains whether lawmakers can justify reallocating funds from pressing issues—like housing and education—to support a multi-billion-dollar franchise. The decision will reflect Oregon’s values and aspirations regarding its major sports team and economic priorities.
