Portland okays spending $120m on Blazers arena renovation if Dundon agrees to pay rent and PILOTs

After months of public debate, the Portland city council voted 8-4 yesterday to approve spending $120 million toward renovations to the Trail Blazers arena, plus $275 million for upgrades over the next 20 years. But the term sheet it approved included several major new conditions — most prominently, that the team start paying rent, starting [ ]