Portland Diamond Project (MLB) | Proposed

[maccoinnich]

Portland Diamond Project asks legislature for $800 million for waterfront ballpark



The Portland Diamond Project is asking Oregon legislators for $800 million to aid construction of a baseball stadium, more than five times as much as lawmakers approved two decades ago.

Sen. Mark Meek, D-Gladstone, sponsored an amendment to Senate Bill 110 on Thursday in an effort to help attract Major League Baseball to Oregon when the league next expands.

Original legislation from 2003, Senate Bill 5, approved $150 million in bonds if Portland landed a team. The bonds would be paid back by the income tax on baseball players and team employees, as opposed to diverting existing tax revenue or increasing taxes on Oregonians.

...continues at the Oregonian