Canadian Tire, Sens Deal Described As "Massive" Falcons' Stadium Builders Offered Incentives Lurie Talks Potential Of Philly Super Bowl Cal Looking To Pay Off Stadium Bill MGM, AEG To Finance Las Vegas Arena ISC Board Approves Daytona Upgrades Canadian Tire Signs Senators' Naming Rights Falcons' Stadium Design Concept Approved MLBers Call For Stronger PED Sanctions Mets, SNY Look For Audience Boost
Upcoming Conferences and Events
SBD/Issue 232/Facilities & Venues
Or House Approves MLB Bill To Support Efforts To Land Expos
Published August 26, 2003
|OR House Approves Ballpark
Bill; Inching Closer To Expos
A 31-24 vote by the Oregon House yesterday moved the state's ballpark financing legislation — Senate Bill 5 — to OR Gov. Ted Kulongoski's desk, where he is expected to sign it this week. In DC, Eric Fisher notes that while the measure "includes less than half of the $350[M] needed for a ballpark in downtown Portland," the ratification of the bill "puts Oregon squarely ahead" in the race for the Expos. But MLB Senior VP/PR Rich Levin said that it was "still too soon to say definitively how this affects the race" (WASHINGTON TIMES, 8/26). In Portland, John Hunt reports that the bill "uses income taxes on players and owners to generate a projected" $150M for construction. OR Stadium Campaign head David Kahn said, "I think we're much closer today to $250[M] than $150[M]," and added that the projected $60M in revenue from a ticket tax and $25M from a charter seat program is "very gettable." The overall cost of the ballpark is estimated at $300-350M. A funding gap of $65-115M "would be filled, proponents say, by the hospitality industry (hotel/motel, vehicle and restaurant taxes), tax increment financing and contributions from a yet-unnamed owner." Kahn and Portland Mayor Vera Katz "said they will talk later in the week with [MLB] about next season and beyond." Katz said, "We're exploring the possibility with [MLB] to look at playing all or part of their games at PGE Park in 2004" (Portland OREGONIAN, 8/26).
COMMUNITY SUPPORT? Trail Blazers President Steve Patterson said that he and the Blazers "officially remain neutral" on the city's MLB bid. Patterson "thinks the state should consider holding a referendum." Patterson: "I think it would be interesting to see some polling about the level of interest statewide toward committing public dollars to building a baseball park" (PORTLAND TRIBUNE, 8/22). An OREGONIAN editorial today states, "Portland needs [MLB] to take the community seriously and commit to bringing a team here, preferably next season. Portland needs an owner or owners to step up and become part of the financing, planning and promotion process. The city also needs to firm up its financial plans and present them publicly, and, of course, it needs to settle on a stadium site. All of that's a tall order, and failure on any single item could halt the effort. But legislators planted the seeds on Saturday and Monday. Good for them" (Portland OREGONIAN, 8/26).
STATUS QUO FROM COMPETITION: DC Finance Committee Chair Jack Evans said yesterday that "no action will be taken on the city's baseball funding in response to Portland," a sentiment "echoed" by DC Mayor Anthony Williams' spokesperson Tony Bullock. Evans said, "If baseball chooses to go to Portland, it's because they don't want to come to Washington. I and (Williams) stand ready to make this happen." VA Baseball Stadium Authority Chair Michael Frey said that VA "similarly plans no changes in its baseball efforts" (WASHINGTON TIMES, 8/26).