Tom Dundon group takes control of Trail Blazers

The Rip City Rising ownership group, led by Tom Dundon, the owner of the NHL's Carolina Hurricanes, took ownership control of the NBA's Portland Trail Blazers on Tuesday.

In addition to the NBA franchise, the ownership also assumed control of the Rip City Remix of the G League, Rip City Management and operational control of the team's home arena, Moda Center.

The group also is in charge of the surrounding Rose Quarter, which includes the team's former home arena, Veterans Memorial Coliseum.