8.6.26 Special Meeting

This was a special meeting of the Multnomah County Board of Commissioners held on August 11, 2026, focused primarily on approving a resolution affirming the county's commitment to the renovation of the Moda Center Arena. The board discussed various amendments related to the funding and terms of the renovation deal, including the county's financial contribution, revenue streams, and protections such as clawback provisions if the Blazers do not remain in Portland for at least 20 years. Key procurement-related topics included the proposed $88 million capital contribution by the county, potential use of motor vehicle rental tax and other tourism taxes to finance the debt, and the exclusion of business income tax revenues from the funding package. The board also debated the role and selection of a professional negotiator for the county, with concerns raised about conflicts of interest. Multiple amendments were proposed and voted on, with some passing and others failing, ultimately resulting in a strengthened term sheet that includes community benefits, labor agreements, and oversight provisions. The meeting concluded with the board expressing commitment to negotiate a fair deal with the city and the Blazers, while ensuring fiscal responsibility and protecting county interests.