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A few words from the Godfather · Aug 12, 2026

Get ready for the main event: Tom Dundon vs. the City Council -- and let the mudslinging begin

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Dwight Jaynes · A few words from the Godfather

And now, my friends, it’s time for the main event.

Portland’s City Council today will vote on a term sheet for negotiations for Moda Center renovations, including an additional add-on for the team to pay $2 million a year in rent to the city. At the end of the day, after the usual council wrangling, I expect a term sheet will be approved, in some form or another.

It’s important to keep in mind that the term sheet is non-binding and merely the starting point for what could end up being four months of negotiations between the Trail Blazers and the city.

That $2 million addition to the term sheet is new and a bit of a surprise, but I would guess it’s just a pretty adornment to appease the folks who think the city isn’t bargaining hard enough.

The real concern the city should have is the behavior of new Trail Blazer owner Tom Dundon. Since buying the team, Dundon has shown that he has no cares at all about what people — including his customers — might think of him. He’s a repo man, so what do you expect?

Read the original on dwightjaynes.substack.com

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