Salem, Oregon — Governor Tina Kotek has engaged in discussions with Tom Dundon, the prospective owner of the Portland Trail Blazers, as uncertainties regarding the franchise’s future linger. Their conversations have focused on understanding how they might collaborate effectively to secure the team’s stability in the community.

Kotek described Dundon as “a very straightforward guy,” indicating her initial impressions of the Texas businessman leading a group in negotiations to buy the NBA team for $4.25 billion from the estate of the late Paul Allen. The NBA is expected to review and likely approve the sale in the coming months. However, Dundon’s intentions for the team remain ambiguous, largely hinging on the support from local governments to fund necessary renovations to the Moda Center.

Kotek expressed appreciation for Dundon’s candidness, stating, “He’s a businessman who seems committed to making this work for the team.” She emphasized that Dundon is not approaching this venture with relocation in mind but is instead focused on creating a deal that allows the franchise to thrive in Portland.

Demonstrating the state’s commitment to the team, Kotek recently joined public officials and local business leaders to advocate for Senate Bill 1501, which aims to establish a framework for redirecting public funds toward a proposed $600 million renovation of the Moda Center. Supporters of the bill view it as a vital step toward negotiating a long-term lease for the Trail Blazers, which is critical given the current temporary extension of the lease running just until 2030.

During the Senate hearing, House Majority Leader Ben Bowman conveyed that failing to act now could result in losing the team, drawing parallels to the loss of the Seattle SuperSonics. He urged state legislators to consider the ramifications of inaction, framing this as a long-term investment rather than a short-sighted expense.

Kotek recently communicated with NBA Commissioner Adam Silver, reinforcing her and Portland Mayor Keith Wilson’s desire to keep the Trail Blazers in the city. Although Kotek has not received specific guarantees regarding the funding package, she interpreted Silver’s responses as a positive sign, suggesting that the proposal is progressing in the right direction.

The urgency of Senate Bill 1501 is underscored by the state’s legislative schedule, with a deadline of March 8 approaching swiftly. Kotek and other proponents assert that their efforts must be seen as a necessary first step in a broader strategy aimed at securing the team’s future in Portland.

The proposed funding strategy would involve the state working closely with the city to renegotiate a long-term lease with the Trail Blazers, funneling income from players’ taxes and events held at the venue to finance the renovation. The goal is a 20-year lease agreement, ensuring the franchise remains a fixture in the community.

Kotek defended the plan, stating economic development should not be viewed as a zero-sum equation. “This is about investing in the future,” she remarked, linking support for a modernized arena to greater economic benefits for Portland. Recognizing that the Moda Center hosts over 230 events yearly and employs thousands, Kotek emphasized the venue’s role in driving local economic activity.

As discussions continue, Multnomah County has committed to increasing its investment from $77 million to $88 million for the renovation, while the city plans to contribute $120 million in upfront costs and $14 million annually. However, the specifics of the city’s funding strategy remain somewhat unclear amid ongoing negotiations.

During the hearing, Sen. Bruce Starr, a Republican leader, questioned the rationale behind revisiting the lease terms, especially given that the original Rose Garden, which opened in 1995, was built with significantly less public funding. In contrast, Trail Blazers officials argue that renovations of modern facilities are more beneficial and feasible.

As stakeholders push for a solution, the focus remains on ensuring that the Trail Blazers thrive in their hometown, with local leaders and officials expressing a strong commitment to preserving the franchise for future generations.