Oregon lawmakers pass $800 million bill for Portland MLB stadium
A rendering provided by the Portland Diamond Project shows what a proposed baseball stadium would look like if Major League Baseball agrees to bring a new team to the city. Supporters want the Oregon Legislature to pass a bill providing $800 million in bonds to build the new stadium along the city's south waterfront.
In a bid to bring professional baseball to Portland, Oregon lawmakers have decided they’re swinging for the fences.
Senate Bill 110 sailed through the Oregon Legislature with bipartisan support, passing the House of Representatives on a 46-6 vote Tuesday.
The bill authorizes $800 million in bonds to help fund the construction of a professional baseball stadium on Portland’s South Waterfront.
Instead of pulling from current state revenue, the bill calls for paying off the bonds through income taxes on players and staff. Proponents say it would be on the team to figure out how to fund the rest of the stadium, expected to cost $2 billion.
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