Blazers face arena choice: renovate or rebuild

State of play: The Blazers last year sold their arena and underlying property to the city of Portland for just $7 million, and extended their lease through 2030.

• The goal was to enable renovation, particularly with the Portland Fire set to tip off next year.
• But the new owners could look to build a new arena elsewhere within the city.
• The new owners haven't said anything indicating they're considering moving the team.

Between the lines: When Tom Dundon, who is leading the new ownership group, bought the NHL's Carolina Hurricanes in 2018, he kept the club in Raleigh.

• He also spent big to renovate the team's arena and surrounding area.

The intrigue: Because the team's lease is relatively short-term, Dundon could still come under pressure to move the team if the city doesn't enter into a public-private partnership to help fund a new arena or renovations.

What they're saying: Mayor Keith Wilson said he was excited to work with the new owners "to continue to fill the Moda Center with fans, enthusiasm, and pride," the Oregonian reported.

• "The Blazers' legacy and strength have always been firmly rooted in public-private partnership, and that legacy continues today."