The Portland Trail Blazers have a secure lease at the Moda Center through 2025 and have an option to negotiate a new lease upon its expiration. That was one of the main thrusts of an interview between Portland media veteran Kerry Eggers and Dewayne Hankins, the Trail Blazers President of Business Operations, published today.
Though the Blazers and the City of Portland reached a 30-year agreement in 1993, per Hankins, it did not come into effect until 1995, leaving the expiration date as October 25th, 2025.
Hankins told Eggers that the lease remains in force and that both the team and the city are in the process of planning for the future.